BNR Governor to present quarterly inflation report

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Governor of Romania’s National Bank (BNR) Mugur Isarescu is to present on Thursday the quarterly inflation report.
BNR revised downward by 0.1 percentage points the inflation outlook for 2009, from 4.5 percent, at the report in Feb. 2009, to 4.4 percent.
As well, the inflation prognosis for 2010 was revised downward by 0.4 percentage points, from 3.2 percent to 2.8 percent.

The inflation rate stood at 0.2 percent in June compared to May, whereas the annual inflation (June 2008 – June 2009) dropped to 5.86 percent from 5.95 percent in the previous month.

According to INS, the monthly average inflation rate over Jan. 1 – June 30, 2009 stood at 0.5 percent compared to 0.6 percent in the corresponding period in 2008.

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