Isarescu: We have demand deficit, but not so pronounced

The demand deficit maintains its effects on inflation, but it is not as pronounced as in the previous projection round on inflation, National Bank of Romania (BNR) Governor Mugur Isarescu said on Tuesday, at the presentation of the quarterly report on inflation for Q4 of 2011.'Following the revision of the statistic data referring to the GDP by INS, the GDP deviation reflects the demand deficit. We still have a disinflation pressure on the behalf of demand. We have a demand ...

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