Isarescu: Latest inflation developments pave the way for financial stability and economic growth -
 Home Page  | News  | Exchange Rates  | Interbank Rates  | Central Banks  | Capital Markets Authorities  | Romanian Banks  | Archive  | Romanian  
 Finance-Banks  | Economy  | Business  | Capital Markets  | Real Estate  | Cars  | Travel  | HR Careers Education  | Media  | IT & C  | Environment 

News » March, 2012 » 30 March 2012

Isarescu: Latest inflation developments pave the way for financial stability and economic growth
30.03.2012, 09:11 | Finance-Banks | 576 views

The consolidation of inflation within the variation band around the target paves the way for maintaining financial stability and achieving sustainable economic growth, Governor of the National Bank of Romania (BNR) Mugur Isarescu told a news conference on Thursday.

However, domestic risks related to upcoming elections, along with uncertainties regarding developments in the external environment, capital flows and volatile prices require a further judicious adjustment of monetary policy instruments in order to effectively anchor inflation expectations and ensure price stability in the medium run, added Isarescu.

The annual inflation rate continued to slide, reaching 2.6 percent in February 2012 versus 3.14 percent in December 2011. The annual adjusted CORE 2 inflation rate – calculated by the BNR by excluding administered prices, volatile prices, and tobacco and alcohol prices from the consumer price index – also dropped to 2.05 percent from 2.37 percent in December 2011.


Latest news in category Finance-Banks

19.10.2016, ora 00:00 | 847 vizualizări
NBR governor disregards his own advice
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...

22.04.2016, ora 00:00 | 939 vizualizări
Mario Draghi: The ECB obeys the law not politicians
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...

23.02.2016, ora 00:00 | 855 vizualizări
The pound sterling, in its biggest decline since 2009
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...

Subscribe to newsletter
News: Yes  No 
Exchange Rates: Yes  No 

Top news last 7 days

Publicitate pe acest site
Copyright 1999-2020 Pandora Impex SRL.