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Romanian Inflation to Pick Up in 3rd Quarter, Isarescu Says

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Aug. 2 (Bloomberg) -- Romanian inflation will accelerate in the third quarter, though it will remain within the central bank’s target band, said central bank Governor Mugur Isarescu in Bucharest today.

The country’s currency, the leu, declined on capital outflows, in part because of political turmoil, he also said at a conference to discuss monetary policy, which will remain “prudent.”

Isarescu said that an easing of the country’s political turmoil will help stem capital outflows and there are reasons to cut the nation’s economic growth forecasts.

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