Central Banking

Romania's central bank reports inflation falling

Romania's central bank governor said on Monday 15 August that the economy was growing strongly and he expected inflation to fall in the third quarter of this year.

Governor Mugur Isarescu said the bank expects inflation to drop to 7.5 percent for 2005 and 5 percent for 2006, down from 9.3 percent in 2004. He said inflation was higher than expected in the second quarter due to increases in energy prices and taxes, but that inflation was expected to decrease in the last three months of the year.

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