'09 Inflation Target, Very Likely To Be Reached

Romanian central bank’s inflation target of 3.5%, with a one percentage point variation band, for 2009 is very likely to be attained, the central bank’s governor Mugur Isarescu said Monday. “I think there are high chances that the inflation target for 2009 to be attained,” Isarescu said in a press conference.In 2007 and 2008, Romania’s inflation rate was higher than the central bank’s target.In January, Romanian consumer price index rose by a higher than expected 1.24%, compared ...

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