Loading ...National Bank of Romania will reach the inflation target set for 2009, but it remains cautious, in order for removing slippages, said on Monday, chief economist of the National Bank of Romania (BNR), Valentin Lazea. “We remain confident in meeting the inflation target this year at a marginal level of 4-4.5 percent. The signals show us, however, that we should remain prudent,” said Lazea.
The central bank”s chief economist said that there was also room for the cut in interest on the market allowing for the repeated cuts in the monetary policy interests to which the National Bank of Romania resorted. “The interest margins for assets and liabilities are high enough to trigger cut in interest rates for loans.
After the cuts in interest operated by BNR we are expecting commercial banks to cut interests for loans and for deposits, said Valentin Lazea. Vice-governor Cristian Popa said in June referring to inflation: “I hope to end the year will a low inflation and I believe there are chances for it to range between 2.5-4.5 percent.”
In August, the National bank of Romania revised downwards by 0.1 percent the inflation projection for 2009, from 4.5 percent at the report of February 2009 to 4.4 percent. The inflation forecast for 2010 was revised downwards by 0.4 percent from 3.2 percent to 2.8 percent.
Loading ...
Comentează acest articol