BNR: National currency appreciation will not bring lower prices

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The sole means to keep inflation down is to let the prices float free, stressed on Friday Governor of Romania’s National Bank (BNR) Mugur Isarescu. “A reduced volatility of the rate helps in this case.

The national currency appreciation will not bring lower prices, but at the most will keep them at a certain level. But depreciation represents a signal for higher prices”, said Isarescu. BNR Governor Mugur Isarescu presents on Friday the Quarterly inflation report.

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