ROMANIA ECONOMY CENTRAL BANK

Central Bank governor Mugur Isarescu presents Inflation Report

epa10622647 Governor of the National Bank of Romania (BNR) Mugur Isarescu gestures as he presents the Inflation Report at the Romanian Central Bank headquarters, in Bucharest, Romania, 12 May 2023. Romania's economy, helped by European Union funding, currency stability and foreign capital pumped due to the relocation of large businesses from Russia and Ukraine, is set to catch-up to its neighbors by the end of this year. The annual inflation rate decreased in April to 11.2 percent, compared to 14.5 percent in March and 15.5 percent in February, according to data published by the National Institute of Statistics of Romania. The Central Bank (BNR) revised down the inflation forecast for the end of 2023 to 7 percent and estimated an inflation of 4.2 percent for the end of 2024. EPA/ROBERT GHEMENT

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