BUCHAREST, May 12 (Reuters) - Romania's central bank
slightly raised its annual inflation forecast for this year but
kept it unchanged for the end of 2024, Governor Mugur Isarescu
said on Friday.
The bank expects inflation at 7.1% in December, compared
with a previous forecast of 7.0%, influenced by vegetable
prices. It sees inflation at 4.2% at end-2024, unchanged from
the previous forecast and above its 1.5%-3.5% target band.
Earlier this week, policymakers held the benchmark interest
rate at 7.0% for the third consecutive time, saying inflation
would fall sharply in the short-term while a slowdown in
economic growth would be subdued in the first and second
quarters.
(Reporting by Luiza Ilie;)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.