The National Bank of Romania (BNR) at its May 15 board meeting kept the policy rate at 6.5%, which did not surprise analysts, who are predicting a rate cut no sooner than 2027, a monetary authority’s release reads. BNR reiterated its expectations for a substantial downward correction of the headline inflation in 2026 Q3, generated by base effects and the strengthening of disinflationary pressures, particularly from the aggregate demand deficit – but a detailed updated Inflation Report will be released on May 19. [...]