Deflation to Persist for Longer in Romania as Energy Prices Fall

  • Central bank sees consumer prices dropping 0.4% in 2016
  • Governor Isarescu points to oil, energy prices for decline

Romania’s central bank said the nation’s first bout of deflation since the fall of communism will persist for longer than it had previously envisaged as lower energy prices compound the fading effect of tax cuts.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.