Inflation
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Analysts expect higher interests and leu strengthening amid fears of inflation
Facing the prospect of missing its inflation target again, the NBR (National Bank of Romania) has started to fight price rises by indirect interventions on the forex market, helping the leu...
Isărescu needs to show how he will keep inflation in check this year
Governor Mugur Isărescu will have to convince in today's press conference that the National Bank can keep prices in check in 2011 and rebuild trust in the NBR's monetary policy, after in eac...
NBR leaves key rate unchanged fearing inflation
The NBR (National Bank of Romania ) decided yesterday in its first monetary policy meeting to leave unchanged both the key interest rate, which has remained set at 6.25% since May 2010, and...
Inflation above expectations due to potato, eggs, and edible oil prices
The price increase of food in September brought inflation to 7.7%, a new two-month high. Consumer prices went up by 0.56% in September against August, after a rise of just 0.23% in August ag...
VAT raise boosts budget revenues by 17% in August
The VAT hike from 19% to 24% as of July 1st generated a 17% rise in overall revenues collected by the state budget in August, compared with the same month of 2009, pursuing the upward trend...
Isărescu: Money from NBR's reserve cannot be used to pay pensions
Isărescu: Money from NBR's reserve cannot be used to pay pensions
Isărescu: Inflation to stop at 8%, hopefully exchange rate will help
Central bank Governor Mugur Isărescu yesterday had his first public appearance since the Government’s decision to raise the VAT from 19% to 24%; he announced that inflation would go up to 8%...
What to invest in when inflation strikes
Until the Stock Exchange's rebound occurs, expected for the last quarter of the year, analysts continue to recommend investments in gold and in foreign currencies as a shield from inflation...
IMF: Inflation could reach 7.9% this year, VAT hike impact on economic decline limited
The International Monetary Fund (IMF) maintains its 0.5% economic decline forecast for this year and does not expect the 25% cut in the budget-paid employees' salaries and the VAT raise oper...