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. 💳🔒
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. 💳🔒
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