The NBR is keeping the brakes on cheap credit. If you were hoping for lower monthly installments on your loans, the 10.7% inflation report just ruined those plans. The National Bank of Romania has held the key interest rate steady at 6.50% per year. Why? BNR is using high interest rates as a barrier to stop inflation from spiraling even further past the 10% threshold. The Reality: Financial analysts expect rates will not drop anytime soon. In fact, if inflation doesn't cool by September, the next move might be an increase. The Advice: Lock in fixed interest rates where possible. Cheap money isn't coming back to the Romanian market anytime soon. 💳🔒

The NBR is keeping the brakes on cheap credit.

If you were hoping for lower monthly installments on your loans, the 10.7% inflation report just ruined those plans. The National Bank of Romania has held the key interest rate steady at 6.50% per year.

Why? BNR is using high interest rates as a barrier to stop inflation from spiraling even further past the 10% threshold.

The Reality: Financial analysts expect rates will not drop anytime soon. In fact, if inflation doesn't cool by September, the next move might be an increase.

The Advice: Lock in fixed interest rates where possible. Cheap money isn't coming back to the Romanian market anytime soon. 💳🔒