Central Bank Governor: The VAT increase may trigger inflation shock

July 2nd, 2009 | Filed Under: News

Increasing the VAT may trigger an "inflationist shock", Romanian Central Bank (BNR) Governor Mugur Isarescu declared on Wednesday, following discussions of possible VAT increase in Romania. Isarescu said that an increase in tax, as a means of correcting economic unbalances, also entails inflationist costs, Romanian press agency NewsIn informs. 

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