BNR: Inflation likely to drop below 4 percent by the end of 2011

The inflation is 'highly likely' to drop below 4 percent by the end of the year, according to vice-governor of the National Bank of Romania (BNR) Cristian Popa. The inflation target set by BNR is 3 percent in 2011, and the target range is between 2 and 4 percent (3 percent plus minus a margin of a percentage point). The last inflation rate forecast was, however, 4.6 percent for 2011. The annual inflation dropped in August to 4.25 percent. Popa stressed his prognosis ...

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