Central Bank changes inflation rate forecast

The National Bank of Moldova predicts that the cumulative rate of inflation thus year will be 7.9%. The new projected figure is by 0.6% higher than the one presented last November, Info-Prim Neo reports. In a news conference on Thursday, the Bank’s governor Dorin Dragutanu said such factors as the evolution of fuel prices, the export rate and the impact of the weather conditions can lead to the modification of the forecast. Dorin Dragutanu said the inflationist pressure in 2012 will be lower and the rate of inflation will be within the limits of the objective set by the central bank – 4.5% plus-minus 1%. Analyst Adrian Lupusor, of the think tank “Expert –Grup”, considers the National Bank of Moldova has the instruments needed to achieve this objective.