Romanian inflation at 4.1pc y/y in May, above forecast  

BUCHAREST: Romania's consumer price inflation rose above market expectations to 4.1pc on the year in May, flat from April's annual figure, data from the National Statistics Board showed on Wednesday.

The median forecast of a Reuters poll of analysts put inflation at 3.9pc year-on-year at the end of May.

Data showed prices rose 0.5pc on the month in May, with food posting the steepest 0.8pc increase, followed by services with 0.6pct and non-food advancing 0.2pc.

All analysts polled by Reuters expect the central bank to keep interest rates unchanged at 2.50pc at its next meeting in July. All but two see the benchmark rate on hold at end-2019.