News » March, 2011 » 7 March 2011
Isărescu: Slight exchange rate fluctuations should not be apparent in prices
07.03.2011, 07:44 | Finance-Banks | 807 views
Fluctuations of up to 3-4% of the exchange rate should not be "paid attention to" and should not be immediately apparent in prices, says Mugur Isărescu, governor of the NBR (National Bank of Romania). The governor's reaction comes at a time when analysts believe the NBR is selling foreign currency on the interbank market to appreciate the leu, specifically in a bid to counter inflationary pressures brought about by the fact that oil and food have become more expensive on international exchanges. Read more on ZF.ro
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