BNR expects inflation of 8.9% at the end of September, according to data released by the institution. In addition, he sees an interest rate of 7.2% at the end of the year, with an uncertainty interval of +/1 percentage point.

As for the end of 2024, we could see 4.4%.

Faced with these figures, the head of the National Bank of Romania, Mugur Iserescu, said that the forecast was affected by uncertainty.

One of them is the tax program considered by the PSD-PNL coalition.

“We don’t know what the program will ultimately be, nor the implications of these measures to limit commercial supplementation. Our inflation forecast suffers because of the uncertainty. You can go up and down,” Iserescu said.

He said that he recently attended an international seminar in Dubrovnik (Croatia), organized with the support of the IMF.

“The message from the Fund’s specialist was to prepare for inflation related to rising wage costs,” Iserescu said, adding that this is a type of inflation that is “quite dangerous because it is not easy to fight.”

“This is a warning about the future evolution of prices not only in Romania, but also in Europe in general,” the governor of the BNR also said.

See also:

Iserescu VIDEO: When you raise income taxes, people earn less and demand falls / If fiscal adjustment fails to satisfy international institutions, it will be paid by “those who least expect it”