Central bank says lending growth pace drops below 8 pct in past months

Romania does not register a drop in lending, but a reduction in the lending growth pace below 8 pct in the past months, on Thursday said the Governor of the National Bank of Romania (BNR) Mugur Isarescu, when displaying the quarterly inflation Report. "An annual growth of 8 per cent.

BNR keeping year-end inflation target at 4.2pct

The National Bank of Romania (BNR) is keeping the year-end inflation target at 4.2pct, estimating a 3.4-pct 2020 year-end inflation, BNR Governor Mugur Isarescu said Thursday upon releasing the bank's quarterly inflation report. In May 2019, BNR was expecting year-end inflation to stay at 3.3pct in December 2020.

Deflation of 0.6% for June

Inflation for June in comparison with May is minus 0.6%, the National Statistical Institute reported.

Inflation from the beginning of the year (June 2019 versus December 2018) was 1.2% and the annual inflation in June 2019 compared to June 2018 was 2.8%.

The average annual inflation for the period July 2018 - June 2019 compared to July 2017 - June 2018 was 3.3%.

INS: Annual inflation rate down to 3.84 per cent in June

Consumer prices dropped 0.23 per cent in June 2019 compared with the previous month and by 2.98 per cent compared with the end of last year (December 2018), while the annual inflation rate went down to 3.84 per cent, because of the drop in prices for food stuffs by 0.47 per cent, non-food stuffs by 0.24 per cent, and the increase in services by 0.17 per cent, according to data released by the N