Central bank governor calls inflation in Romania an “insidious disease”

Newsroom 03/12/2018 | 16:50

The inflation in Romania is a “insidious disease” as it has several causes and is difficult to control, central bank governor Mugur Isarescu said on Monday.

“If I have to give a definition now for you, if inflation is fiscal, monetary, structural? At our great attention, we will never succumb to the illusion that we are totally controlling it: it is an extremely insidious disease that can appear under a lot of forms,” Isarescu said.

Inflationary pressures in Romania, as well as the deficits, are largely structural and located at micro-level of the economy, according to the governor.

Isarescu indicates that administrative prices in Romania, which are normally considered predictable, are in reality very difficult to estimate.

BR Magazine | Latest Issue

Download PDF or read online: May (I) 2023 Issue | Business Review Magazine

The May (I) 2023 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “MedLife BVB performance highlights potential of Romania’s emerging
Newsroom | 17/05/2023 | 15:38

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu

    I agree with the storage and handling of my data by business-review.eu

    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue