Romanian consumer price inflation slows to 3.5pc y/y in Sept

• The central bank is expected to keep interest rates on hold at 2.50pc this year and in 2020.
• Non-food prices and services rose 0.1pc and 0.3pc, respectively on a monthly basis.

BUCHAREST: Romania's consumer price inflation slowed more than expected to 3.5pc on the year in September, against August's 3.9pc, data from the National Statistics Board showed on Friday.

The median forecast of a Reuters poll of analysts put inflation at 3.7pc year-on-year at the end of September, above the central bank's 1.5-3.5pc target range.

Data showed prices edged 0.1pc up on the month in September, with food down 0.1pc.

Non-food prices and services rose 0.1pc and 0.3pc, respectively on a monthly basis.

The central bank is expected to keep interest rates on hold at 2.50pc this year and in 2020.