Strategy of NBM Based on Clarity, Confidence and Transparency
OREANDA-NEWS. January 20, 2010. This was announced by the NBM president Dorin Dragutanu during the press conference. In order to inform the public how the National Bank will provide price stability, the NBM has published on its website a schedule of monthly meetings of NBM’s Administrative Council devoted to monetary policy issues (the last Thursday of each month) and that the Council's decision will be published not later than the second day after the meeting.
At the same time, Dorin Dragutanu has informed that each month after publication of the consumer price index by the National Bureau of Statistics, the NBM will make a presentation to the press and will analyze main factors of the inflation and give its predictions.
In addition, the NBM will quarterly report on the way of implementation of monetary policy and will give an analysis of macroeconomic situation and medium term forecast (for 2 years) of the inflation and macroeconomic indicators. NBM President Dorin Dragutanu also promised to maintain a constant dialogue with the press and economic analysts and hold quarterly press conferences in NBM, as well as give answers to all relevant questions related to monetary policy and the dynamics of the banking sector.
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