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Central Bank estimates 6% inflation in 2008

de Radu Rizea     HotNews.ro
Joi, 8 mai 2008, 14:11 English | Business

Romanian Central Bank governor, Mugur Isarescu, informed that the institution once again revised the inflation prognosis for 2008, to 6%, compared to the previous estimation, of 5.9%. The prognosis for 2009 is optimistic, the target being 3.5%, compared to the previous 3.9%.
According to Isarescu, the main risk factors in reaching the inflation target are the fast growth of fuel price, the RON depreciation in front of the European currency, an average salary larger that the labor productivity and a state budget collection lower than the prognosis. 
























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