ERSE (Entidade Reguladora dos Serviços Energéticos)

Rule Changes

Expects the 6.50% rate to hold until at least May 2027

Romania's central bank has held its benchmark rate at 6.5% since its unanimous October 8 vote, and its minutes say inflation will end the year above the 6.1% forecast in August. The leu has kept falling: the euro cost 5.3485 lei on October 23, up from 5.2777 on October 1, a 1.36% loss for the currency in three weeks.

Updated Oct 26

Money Moves

Publishes weekly efficient fuel price calculations

Portugal's inflation rate hit 3.6% in September, the highest in three years, as diesel and petrol prices passed €2 per liter. The national statistics institute (INE) confirmed the rate on October 13, attributing the jump largely to higher fuel prices. Diesel now averages €2.211 per liter and petrol €2.167, according to the regulator ERSE.

Updated Oct 18