Romania central bank ups inflation forecast for 2014

BUCHAREST Thu Feb 6, 2014 4:52am EST

Related Topics

BUCHAREST Feb 6 (Reuters) - Romania's central bank revised this year's annual inflation forecast to 3.5 percent from 3 percent for December, Governor Mugur Isarescu said on Thursday and said he did not see a threat of deflation in the emerging economy.

"Inflationary expectations will remain within target. That is the biggest gain ... in the battle against inflation, that households and companies are getting used to low, European level inflation rates in Romania," Isarescu told a conference to present the quarterly inflation report.

The bank has also issued a forecast for 2015 inflation of 3.2 percent. Romania targets inflation at 1.5-3.5 percent this year and next. (Reporting by Luiza Ilie; writing by Radu Marinas)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.