alba24.ro/cosmin-marinescu-viceguvernator-bnr-roma

Cosmin Marinescu, the BNR vice-governor, suggests that Romania may maintain its key interest rate at 6.5% for several more quarters, nearing a European record for stability. He cites persistent inflation, energy shocks, and budgetary imbalances as constraints on monetary policy relaxation. Despite inflation exceeding 10% in 2025, BNR refrained from raising rates, attributing price increases to tax hikes. The situation worsened in 2026 with new energy shocks, delaying potential rate cuts. Marinescu emphasizes that long-term unchanged monetary policy requires careful evaluation due to economic transformations. He also highlights the need for fiscal discipline to support price stability and future rate reductions.