Lower than expected oil prices keep inflation below 1.5% in Romania

The inflation rate in Romania will remain under 1.5% for several months, mainly due to lower than expected international oil prices, according to the Romanian National Bank governor Mugur Isarescu. “Our updated forecast shows that the inflation rate will be maintained below 1.5% for at least several months. We’ll thus have a few months with low inflation […] The main factor for reshaping the inflation’s trajectory on a sensitive lower curve is the price of crude oil, which declined strongly from the figures we had in mind in summer and in autumn, when previous forecasts were drafted,” said Isarescu, cited by local Agerpres. Irina Popescu, irina.popescu@romania-insider.com