Romania's NBR Seen Holding Rates at 6.50% as Moody's Keeps Baa3 Rating
Updated
Updated · tmgm.com · Aug 10
Romania's NBR Seen Holding Rates at 6.50% as Moody's Keeps Baa3 Rating
3 articles · Updated · tmgm.com · Aug 10
Summary
ING expects the National Bank of Romania to leave its key rate at 6.50% at Monday’s meeting, with no major shift in guidance and no first cut until January 2027.
Moody’s reaffirmed Romania’s sovereign rating at Baa3 with a negative outlook, following Fitch’s unchanged decision a week earlier, easing pressure on Romanian assets after a recent bond selloff.
Romanian government bonds had underperformed last week, with longer-dated yields rising about 15 basis points even as peer markets in the region rallied.
EUR/RON is expected to stay anchored just below 5.25 because the central bank has little room to absorb extra inflation, though rating relief could trigger a short-term leu rally.