Dragnea, Dăncilă, Isărescu agree on efficient, balanced mix of fiscal, budgetary, monetary policies

The meeting of Chamber of Deputies Speaker Liviu Dragnea, Prime Minister Viorica Dancila and National Bank of Romania (BNR) Governor Mugur Isarescu at the Parliament House on Thursday was a "constructive dialogue," in which it was agreed, among other things, to continue the implementation of an "efficient and balanced fiscal, budgetary and monetary policy mix" to ensure that inflation falls within the range set for the end of 2018 and the next period.

According to a press statement posted on the Chamber of Deputies website, the talks focused on "the situation and predictable developments in the economy, with emphasis on factors influencing the rate of inflation, as well as on its prospects for the current year and 2019." 
"It was underlined that a large part of the increase in prices recorded in recent months was caused by exogenous, external factors (...) To ensure that the inflation rate falls within the range targeted for the end of 2018 and the following period, it was agreed that it is necessary to continue to apply an efficient and balanced mix of fiscal, budgetary and monetary policies. A constant, open dialogue based on professional arguments and respecting the prerogatives of the Government and the National Bank of Romania will be designed to allow the achievement of this objective," the statement says. 

During the discussion, "the arguments for strengthening macroeconomic stability and predictability, as well as the existence of clear prerequisites to increase nominal and real convergence with the European Union were validated." 

Minister of Public Finance Eugen Teodorovici and BNR First Deputy Governor Florin Georgescu also participated in the meeting. 

The meeting was held "on the basis of letters exchanged between the speaker of the Chamber of Deputies and the governor of the National Bank of Romania, and in continuation of the Government's meetings with BNR."