Economic Growth Needs Stable Prices – Central Bank Governor

Romanian central bank governor Mugur Isarescu on Monday said that growth cannot be achieved merely by using more money, and economic growth requires stable prices.

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Imaginea articolului Economic Growth Needs Stable Prices – Central Bank Governor

Economic Growth Needs Stable Prices – Central Bank Governor

"Anybody can do work with more money, but what matters is doing it with less Monday, that is development. Thus, throwing more money into the economy, under any circumstance, without calculation, is dangerous, because it brings inflation and the devaluation of money. I strongly believe that economic growth comes from stable prices, from the health of the currency," Isarescu said Monday.

He added that financial stability does not require price stability alone, and it is based on multiple factors.

Isarescu attended Monday the official launch of the "BNR Summer School", in southeastern city Constanta.

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