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Romania's central bank revises inflation forecast and puts further rate cuts on hold

November 12, 2024

The National Bank of Romania (BNR) revised upward the inflation projection under the updated Inflation Report to 4.9% at the end of 2024 from 4.0% and to 3.5% at the end of 2025 from 3.4% – adding that this trajectory doesn't include the effects of the fiscal and budgetary correction that the government will operate at the beginning of 2025.

The report reads that the balance of risks to the future evolution of the annual inflation rate (chart) is assessed to remain tilted to the upside....

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/romania-bnr-inflation-forecast-nov-2024
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