Romania Central Bank Sees Rising Capital Inflows On Medium-Term

Romania is likely to begin a new economic cycle, when massive capital inflows could trigger a higher volatility of the exchange rate, central bank governor Mugur Isarescu said Wednesday."The difficult situation in Greece could somewhat mitigate the process, but I think that we will witness large capital inflows on the medium-term. Of course, the central bank will try to temper the exchange rate's volatility, but this is not a must," Isarescu told an economic seminar. He said the ...

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