The National Bank of Romania released provisional January 2026 monetary indicators, showing broad money (M3) at RON 785,239.0 million, down 1.3% from December 2025 and up 6.9% year on year. In real terms, M3 fell 2.1% month on month and 2.5% year on year. Non-government credit eased 0.2% month on month to RON 446,398.2 million, while resident non-government deposits fell 1.8% to RON 664,101.4 million. M1 stood at RON 474,659.1 million (-1.4% month on month), with currency in circulation at RON 139,095.5 million (+1.0%) and overnight deposits at RON 335,563.6 million (-2.4%). M3 equalled M2, as other financial instruments were reported at zero, and its counterpart showed net foreign assets rising to RON 403,768.4 million (+3.0% month on month, +14.6% year on year) while net domestic assets fell to RON 381,470.7 million (-5.4% month on month, -0.3% year on year). Non-government credit in lei (68.0% share) declined 0.6% over the month, while foreign-currency credit (32.0% share, expressed in lei) rose 0.5%; government credit fell 3.0% to RON 271,386.4 million. On the deposits side, lei deposits (68.2% share) fell 2.3% to RON 453,049.0 million and foreign-currency deposits (expressed in lei) fell 0.6% to RON 211,052.4 million, or EUR 41,414.5 million. The National Bank of Romania indicated the next press release, covering February 2026 monetary indicators, will be published on 24 March 2026.
National Bank of Romania 2026-02-24
National Bank of Romania publishes January 2026 monetary indicators showing M3 down 1.3% month on month to RON 785,239.0 million
The National Bank of Romania reported provisional January 2026 monetary indicators, with broad money (M3) at RON 785,239.0 million, down 1.3% from December 2025 and up 6.9% year on year. Non-government credit decreased 0.2% month on month to RON 446,398.2 million, while resident non-government deposits fell 1.8% to RON 664,101.4 million. Net foreign assets rose 3.0% to RON 403,768.4 million, while net domestic assets decreased 5.4% to RON 381,470.7 million.