Upside surprise in Romanian inflation complicates the easing cycle

Romanian inflation exceeded expectations and rose to 7.4% in January due to broad-based price pressures, according to an analysis by ING Bank. Strong services inflation and its influence on wages, coupled with higher growth than expected, may continue to keep the National Bank of Romania neutral over the months ahead. We maintain our 4.7% estimate … Continuă lectura Upside surprise in Romanian inflation complicates the easing cycle