Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at [email protected] 

 

Romania’s inflation rate falls to 2.5% in September

Romania's headline inflation eased to just under 2.5% in September from 2.7% in August, falling under the center of the interval targeted by Romania's National Bank (BNR).

The overall consumer price index decreased by 0.14% mom in September.

The inflation rate was dragged down in September by food prices, which dropped by 0.55% month-on-month (versus 0.29% mom decline in August 2019).

The annual growth in food prices was nearly 5% in September, down from 5.5% in August.

The harmonized consumer price inflation calculated based on the EU-defined basket eased to 2.1% yoy in September, from 2.5% yoy in July-August.

BNR lowered its inflation forecast for December 2020 to 2.7% under its August Quarterly Inflation Report, from 2.8% envisaged in the spring forecast.

It maintained the forecast for 2.5% inflation at the end of 2021. In its latest action, on August 5, BNR cut the refinancing rate to 1.5%. The move came after the call by finance minister Florin Citu for "negative interest rates".

BCR chief economist Ciprian Dascalu argued in a recent comment that the BNR might maintain the monetary policy interest rate at 1.5% by 2022.

(Photo: Bizroug/ Dreamstime)

[email protected]

Normal
Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at [email protected] 

 

Romania’s inflation rate falls to 2.5% in September

Romania's headline inflation eased to just under 2.5% in September from 2.7% in August, falling under the center of the interval targeted by Romania's National Bank (BNR).

The overall consumer price index decreased by 0.14% mom in September.

The inflation rate was dragged down in September by food prices, which dropped by 0.55% month-on-month (versus 0.29% mom decline in August 2019).

The annual growth in food prices was nearly 5% in September, down from 5.5% in August.

The harmonized consumer price inflation calculated based on the EU-defined basket eased to 2.1% yoy in September, from 2.5% yoy in July-August.

BNR lowered its inflation forecast for December 2020 to 2.7% under its August Quarterly Inflation Report, from 2.8% envisaged in the spring forecast.

It maintained the forecast for 2.5% inflation at the end of 2021. In its latest action, on August 5, BNR cut the refinancing rate to 1.5%. The move came after the call by finance minister Florin Citu for "negative interest rates".

BCR chief economist Ciprian Dascalu argued in a recent comment that the BNR might maintain the monetary policy interest rate at 1.5% by 2022.

(Photo: Bizroug/ Dreamstime)

[email protected]

Normal
 

Help us improve Romania Insider for you