Romanian Central Bank Should Focus on Economy: Danila

Romania’s central bank should scrap a “wait and see” approach to monetary policy and start focusing, together with the government, on boosting the economy, board member Nicolae Danila told Ziarul Financiar, adding that he speaks on this issue as an economics professor.

Policymakers could also accept an inflation rate higher that the bank’s current target to help resume economic growth, Danila said, according to the Bucharest-based newspaper. Danila told the newspaper there’s a need to “rethink in a balanced manner the central bank’s objectives, its mission and its role.”

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

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