Romanian Ctrl Bk Head: Inflation To Hover Around Peak By July

The country’s inflation exceeded official estimates and accelerated 0.67% on the month in March, taking the annual rate to 8.63%, its highest level since January 2006, as a result of higher telecom and fuel prices.

Last week, Isarescu said he expected the country’s 2008 inflation rate to peak at 8.5% in March and then slow down to 5%-6% by the yearend.