BUCHAREST -- Romania might miss the adoption of the euro in 2014, if inflation remains at a high level, officials in Bucharest say.
Source: Xinhua
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Isarescu was speaking 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 percent to 4 percent and then to 2 percent," he said.
He said the strength of the national leu currency last year had had an impact on inflation, with the its appreciation having been over-rated amid a high current account deficit.
The inflation rate stood at 0.9 percent this January, while the figure for Jan. 2008-Jan. 2007 climbed to 7.26 percent, up from 6.57 percent last December, according to figures published by the National Institute of Statistics Tuesday.