Inflation rate, contained within NBR target range of 4%
The inflation rate in Romania will hover “near 4%”, thus meeting central bank’s target range of 3.5% (+/-1% tolerance band), said the governor of the central bank.
“According to the preliminary data on September inflation, consumer price index stayed below year-ago levels. Therefore, September inflation rate will be significantly below 5%. We expect a similar rate in October. Towards end-2009, inflation will hover near 4%”, said Isarescu.
In the latest report on inflation, NBR indicated a 4.3% inflation target for year-end.
He added that consistent and balanced policies can bring Romania closer to European Union’s median inflation rate on a medium term.
“According to the preliminary data on September inflation, consumer price index stayed below year-ago levels. Therefore, September inflation rate will be significantly below 5%. We expect a similar rate in October. Towards end-2009, inflation will hover near 4%”, said Isarescu.
In the latest report on inflation, NBR indicated a 4.3% inflation target for year-end.
He added that consistent and balanced policies can bring Romania closer to European Union’s median inflation rate on a medium term.