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IT HAPPENED IN AUGUST

National Bank governor: inflation target can be achieved

de     HotNews.ro
Vineri, 1 septembrie 2006, 0:00


Romanian National Bank-BNR Governor Mugur Isarescu announced in mid-August that his institution expected an inflation rate of 6.1% by the end of the year, 0.7 percentage points below the May forecast.

Isarescu said a considerable more precision should be expected when the Bank provides its report on inflation in November.

According to Isarescu, the annual inflation rate on June 30, 2006 stood at 7.1%, 1.3 percentage points below the March 2006 level and 0.9 points below forecast.
























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