We are already seeing a significant slowdown in the economy, and as for Romania, the landscape is already changing, said Caba Balint, a member of the BNR Board of Directors, clarifying that he was making statements on his own behalf.

“Although we showed good results in the first half of the year, the landscape is changing. The external environment will be less favorable. In the euro zone, economic growth will be zero, in the US – somewhat higher. This will affect our economy. Domestic demand will weaken, it will be weaker,” he said at the Deloitte conference.

• We have higher, more attractive interest rates on deposits. In the winter months, consumer attitudes may be different. He will be less prone to consumption.

“From an inflation perspective, given that we’re going to have below-potential economic growth, weak demand, higher interest rates, hopefully the shock (what we’ve seen in the energy sector) will gradually dissipate. It won’t happen very soon, but at least we can have hope,” he said.

According to him, more attractive interest rates on deposits will help to “see the ceiling at the end of this year and at the beginning of next year” in the conditions of inflation. This is the case of Romania.”

• In 2024, it can be said that this will be the year in which the inflation rate will be close to the target.

“Market expectations are about 1.5-2% (economic growth is not). I believe that this is a likely forecast for the coming year. In 2024, we could see a slight economic recovery. Next year and in 2024, we need growth below potential, otherwise it will be extremely difficult to fight inflation,” he added.