Romania Inflation Report
Erste Group Research - 7 Februarie 2011
Today, the NBR will present its Inflation Report. The press release issued after the most recent monetary policy meeting, at which the key rate was left unchanged at 6.25%, was particularly optimistic on the inflation outlook.
The current forecast of the NBR reveals the prospect of a resumption of disinflation in early 2011 as the speeding up of the first-round effects of the VAT hike have begun to dissipate. Along with the announcement of a two-year precautionary stand-by arrangement with the IMF, this supports our scenario regarding monetary easing in the next few months and we expect at key rate of 5.75% in December.
Sursa: http://www.erstegroup.com
Tags: inflation
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