economedia.ro/cosmin-marinescu-viceguvernator-bnr-

Romania has struggled to maintain inflation within the target range set by the National Bank, achieving this only six times in 21 years. Cosmin Marinescu, the central bank's vice-governor, emphasizes the need for a broader analysis of monetary dynamics and fiscal policies to ensure price stability. He argues that monetary policy should focus more on money supply and credit trends as early indicators of inflationary pressures. Additionally, he warns against excessive monetary and fiscal relaxation, which can exacerbate inflation. The analysis suggests that a coherent mix of economic policies is essential for sustainable growth and macroeconomic stability.