Romania's Finance Minister sets year-end inflation target at 4.4% and maintains interest rate policy.
Romania's Finance Minister, Marcel Bolos, announced a year-end inflation target of 4.4%, lower than the National Bank of Romania's (BNR) estimate of 4.7%. Bolos stated that Romania will maintain its current interest rate policy to curb consumption and stabilize the deflationary process. The government aims to stabilize public payroll and social spending while directing other components of the public budget to consumption instead of investments.
April 08, 2024
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