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|09 May 2018, 4:41 PM|
By Andra Beltz
The National Bank of Romania (BNR) has revised the inflation forecast for the end of this year to 3.6%, BNR Governor Mugur Isarescu said on Wednesday.
The previous forecast indicates an inflation of 3.5% in 2018.
For the end of 2019, the BNR estimates an inflation rate of 3%, down 0.1 percentage points.
According to the BNR, the CPI annual inflation rate is expected to fluctuate around 5% during the second and third quarters of 2018, and will be reduced starting the fourth quarter of 2018, benefiting substantially from favorable base effects, attributable to the current year, the influence of the bidding shock in the last part of 2017, and for the next year to those of the first half of 2018.
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