13:35, 1.08.2008 Citibank: Romaniaas Yr-End Inflation At 6.8%, Above Ctrl Bk Target

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BUCHAREST / 13:35, 1.08.2008 Citibank sees Romaniaa€™s inflation at 6.8% at the end of December, two percentage points higher compared with the central banka€™s target of 2.8%-4.8%, on continued pressures from local demand.

"The shocks on the supply side and the pressures coming from local demand continue to threaten the perspectives regarding inflation, Citibank analyst Ilker Domac said in a report.The analyst welcomed the National Bank of Romania’s decision to increase the key monetary...

Read the whole story in: Mediafax