The National Bank of Romania published on 8th of November the Inflation Report, the report indicated that after having reached a 5-year high in 2018 Q2, the annual inflation rate saw, as expected, a halt in its upward trend, falling to 5 percent in September, i.e. 0.15 percentage points above the benchmark forecast in the August 2018 Inflation Report and 1.5 percentage points above the upper bound of the ±1 percentage point variation band of the 2.5 percent flat target.
Monetary policy
The annual CPI inflation
According to the NBR Board decisions on monetary policy dated 6th of August, the annual CPI inflation rate stopped increasing in June, when it stalled at 5.4 percent, above the variation band of the inflation target.