National Bank of Moldova Expects Further Reduction of Inflation
OREANDA-NEWS. January 16, 2012. Deflationary pressure is expected to become stronger in 2012, the National Bank report. This will be caused by possible recession in the zone of Euro, which will lead to the reduction of demand all over the world, including regional levels.
This fact will provoke decline in prices for petroleum products and provisions on international markets, will affect prices and tariffs at the domestic market.
Additional deflationary pressure may be inspired by the decrease in the internal economic activity under the condition of slack external demand, by fewer rates of remittances from aboard and salaries as well as by the changes of the Moldovan lei exchange rate at the domestic foreign exchange market.
The National Bank of Moldova has already lowered its inflation prediction for 2012 from 7,4% to 6,5%.
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