“I’m afraid the adoption of the euro in 2014 might be missed if inflation does not keep at sustainable levels,” said Isarescu at a conference on “Romania, an attractive location for investments, or economic overheating?”
He said that Romania, during 2008-2009, should take tough measures to curb inflation.
“If we do not manage to bring it down, it means the anticipations have no grounds any longer, they will be set at a higher level and we will need another two-three years to take the inflation from 8% to 4% and then to 2%,” he said.
He said the strength of the national leu currency last year had had an impact on inflation, with its appreciation having been over-rated amid a high current account deficit.
The inflation rate stood at 0.9% this January, while the figure for January 2008 – January 2007 climbed to 7.26%, up from 6.57% last December, according to figures published by the National Institute of Statistics Tuesday. (Xinhua)
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