November 22, 2017

IMF Mission Chief, Jeffrey Franks: Inflation is going in a good direction since our last visit

On Sunday the head of the IMF mission in Bucharest said in a statement that inflation going down beyond expectations is the best news since their latest visit in Romania. In the beginning of the meeting with President Basescu and World Bank representatives, Jeffrey Franks said that IMF officials were expecting an inflation rate decrease but not such a significant one. According to President Basescu, the economic indicators from last week show an increase in buildings, and a decrease in inflation rate. “The important decrease in inflation lead to an increase in people’s consumption rate,” the head of state said.

Source: Bucharest Herald (read more)

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