Friday, September 30, 2011

Romania Inflation to Be Within Target Range This Year, Popa Says

Sept. 29 (Bloomberg) -- Romanian inflation will “very likely” fall within the central bank’s target range of 2 percent to 4 percent this year, Deputy Governor Cristian Popa said.

The country’s currency, the leu, is among the most stable in the region, with recent moves “not dramatic,” he told reporters in the capital, Bucharest, today.

The central bank may lower its 2012 economic-growth forecast because of slower global output, Popa said.

To contact the reporter on this story: Irina Savu in Bucharest at

To contact the editor responsible for this story: Andrew Langley at

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