Fiscal Council Sees Inflation at 2.5%-3% As Effects of VAT Cut Wear Off

12.08.2015 By Oana Gavrila

Romania's inflation rate is seen dropping to below -2 early next year from the current -1.6% but will rise again to reach 2.5%-3% once the effects of the cut in value-added tax wear off, according to the Fiscal Council, which sees no room for monetary policy easing.

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