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Central Bank worried with inflation rate, wages and credits

Joi, 27 septembrie 2007, 0:00

Romanian National Bank (BNR) decided on Wednesday to maintain the 7% monetary policy interest level and to exercise a firm control of the cash on financial markets through market operations, an official press release informs.
The bank officials warned on the slowing down of the disinflation process, identifying as risk factors the annual inflation rate, which peaked in August, the growing salaries and the revived non-governmental credits.

A growing demand on the interior market, the drought shock in agriculture and the lack of balance in foreign trade are some of the major problems.

In August, the annual inflation rate reached 4.96%, close to the maximum targeted for this year.

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