Romania's Isarescu on inflation targeting

In a speech on 'Inflation targeting - international experience and Romania's prospects' given on 30 March (published 26 April), Mugur Isarescu of the National Bank of Romania said Romania is in a good position to pursue disinflation by adopting an inflation targeting framework.

"What I do want to mention is the current debate on the appropriateness of adopting inflation targeting in Romania. I am very happy that monetary policy steals the spotlight from football, at least temporarily. Some

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