Romanian Central Bank Chief Pushes Rate Cut Talk Toward Summer

Romania’s central bank pushed back against any expectations of an early start to interest rate cuts, signaling an extended period of caution due to a worsening inflation outlook.

Policymakers in Bucharest increased their inflation forecast for this year and next due to the impact of a series of tax hikes and energy price increases. They now see price growth returning to the target band of 1.5%-3.5% in early 2027, later than previously anticipated.