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Romanian Central Bank Says Disinflation Will ‘Consolidate’

The Romanian central bank said it expects disinflation in the Balkan country to “consolidate” and it mainteds a “prudent” monetary stance.

The bank was commenting in a statement today from Bucharest after it unexpectedly cut the main interest rate to a record-low 6 percent.

The institution said that the “negative output gap” in the country is persising and inflation should stay within the target banc through next yeat. It also sees “asymmetric” medium-term risks.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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