Romania’s Ctrl Bk Might Cut Rates On Slowing Inflation

Isarescu reiterated inflation will go down starting with Sept.-Oct. after peaking in summer.

Romania’s consumer prices rose 8.62% on the year in April, almost the highest level since January 2006, but at a slower pace of 0.52% on the month on lower telecom prices.

Romania’s central bank has set an inflation target of 2.8%-4.8% for 2008, but expects it to exceed the target range, reaching 6% by year-end due to persistent inflationary shocks from last year.

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In May, the central bank raised its main lending rate by 25 basis points for the fifth time in a row to 9.75% from 9.5%, in a bid to slow peaking inflation.