NBM Wont Fight Inflation Processes Too Toughly
OREANDA-NEWS. February 05, 2010. “Perhaps, higher indicators than the fixed interval will be registered during the year, however, the National Bank isn’t going to fight this temporary process very severely to avoid damaging the potential of the long-term economic growth”, the National Bank’s President Dorin Dragutanu said at the press conference dedicated to signing of the memorandum with the IMF.
Touching upon the inflation process in Moldova, Dorin Dragutanu said inflation in Moldova isn’t classical, caused by the surplus of the demand, but is provoked by the cost.
The National Bank’s President said the report on the monetary policy containing detail inflation forecasts would be published on February 5. According to the National Bank’s forecasts, inflation will amount to 5-7 percent in 2010.
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