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Moldovan economy subjected to deflation pressure – National Bank governor
The Moldovan economy is subjected to the negative influence of the deflationist pressure, says Dorin Dragutanu, the Governor of the National Bank of Moldova [NBM].
NBM President said on Thursday at a traditional news conference focused on the inflation indexes recorded since the beginning of the year and on its forecasts for 2012 that the National Bank of Moldova reviewed the former forecasts on the increase in prices.
“The forecasts show that the basic inflation rate in 2013 will be lower than the previously-predicted one. The inflation index in 2012 has been decreased from 4.9% to 3.9%, whereas for 2013 – from 4.8% to 3.9%,” said Dragutanu.
He reminded journalists that the National Bank of Moldova warned against the deflationist pressure on the national economy a half-year ago. This was caused by the pressure exerted by the unstable economic situation in Europe, the decrease in petroleum prices on the international markets, the slowdown in the growth of the Moldovan economy and the slump in the monetary remittances from abroad.
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