Bogdan Tudorache

NBR Board decided to keep unchanged the monetary policy rate at 2.50 percent per annum, central bank announced.

The annual CPI inflation rate went up to 4.1 percent in July from 3.8 percent in June, whereas in August it declined to 3.9 percent, in line with the forecast, remaining above the variation band of the target. At the same time, average annual CPI inflation rate continued to decline from 4.1 percent in June to 4.0 percent in July and 3.9 percent in August; calculated based on the Harmonised Index of Consumer Prices, the average annual inflation rate remained at 4.0 percent (the level recorded in June) July through August.

Statistical data on economic growth in 2019 Q2 indicate a mild deceleration in real GDP to 4.4 percent from 5 percent in the previous quarter (annual changes)