Here are Isarescu’s most important statements:
- In January, most probably, inflation rates will decrease below 7% followed by several months of stagnation and then a considerable decrease in the third quarter
- A positive contribution to the decrease of inflation is that there are foreseeable excises for tobacco products
- The dynamics of the petrol price remains a source of inflation however we believe that these pressures will be tolerable with the exception of major conflicts
- Our aim is to bring inflation rate as fast as possible to the targeted interval.
- A low inflation rate is a precondition for economic strength
- The Bank decided not to withdraw the last installment from the IMF because, based on international indicators, the reserve is enough
- For the next two years Romania presented its governmental policies and the policies of the central bank.
- These agreements validate these policies IMF/EC agreement is precautionary but the agreement with the WB is a continuation of loans for restructuring the health and education sectors
- When it comes to the central bank and the agreements, there is nothing new.
- The bank retains most of its policies: will continue to increase international reserves to strengthen the trust of investors in the national economy
- On the financial sector, measures include the strengthening of the financial sector.
- We will improve the bank’s access to liquidity.
- Starting 2012 we will introduce international standards for financial reports
- We hope that the IMF agreement will have a positive effect and will help us join euro in 2015
- an emergency case, in which we will be obliged to take the money from the IMF could mean: an attack against the national currency which materializes with a massive loss of the reserve and a loss of credibility and an impossibility to finance the deficit. If we use one installment, the agreement does not change
