Romania to keep 2006 inflation target

The National Bank of Romania this week published its third inflation report since adopting inflation targetting in August last year. Despite forecasts suggesting that inflation will overshoot the upper limit of this year's target, the central bank has decided to stick to its guns and leave the current inflation targets unchanged.

In August last year the National Bank of Romania implemented a gradually declining inflation target along a "(dis)inflation path". Consequently is now targets a 5% in

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