- Romanian Central Bank board observed that anticipated values of the annual inflation rate over short-term were significantly higher than in november forecast, considerably above the upper bound of the variation band of the flat target
Market news
15 January 2018
Romanian Central Bank board observed that anticipated values of the annual inflation rate over short-term were significantly higher than in november forecast, considerably above the upper bound of the variation band of the flat target
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Minutes showed additional arguments for hike were the risk of stronger-than-expected pro-cyclicality of fiscal and income policies in 2018 or that of a chronic worsening of budget expenditure composition
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A major source of uncertainty and upside risks to inflation outlook was the evolution of fuel prices and other utility prices, amid high volatility of international oil prices
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