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Mugur Isarescu: Price stability ensures economic growth

The price stability ensures the economic growth, and the governmental policy must not take into account the exuberance of the markets, said, late on Wednesday, governor of the Central Bank of Romania (BNR) Mugur Isarescu, at the Faculty of Economic Sciences and the Business Management, where he held a conference on 'The international financial crisis and the challenges for the monetary policy in Romania.'

Isarescu said there are some rules on the basis of which a central bank tries to ensure the price's stability, but it does that only in concord with the private ownership in a market economy. From his point of view, the monetary policy measures do not influence the markets and are conveyed in a more or less ambiguous way.

I am am still saying to be 'more careful with the crisis. ' Overcoming the crisis means more seriousness, productive work and social cohesion, ' said Mugur Isarescu.

'The big battle of a governor or of a central bank is to keep the trust or to diminish it. The governmental policy must not take into account the exuberance of the markets. The Executive has to consider that, if the economy is heating, it is gasping, ' Isarescu concluded.

 

Sursa: http://www.rompress.ro

Tags: economic mugur stability isarescu bnr

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