Isarescu restates 2011 inflation target of 3 pct

Governor of the National Bank of Romania Mugur Isarescu on Friday restated the 3-percent inflation target set for 2011, adding the target is still put at 3.5 percent for 2010.

‘The inflation rate reported a constant significant drop, especially in the first part of 2009, but the variation band was, however, exceeded by 0.2 percent,’ Isarescu said in his presentation of the Inflation report. For 2009, the inflation rate is set at nearly 3.5 percent, with a variation band of plus/minus one percent.

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