28/05/2021 21:14 Romania's inflation is expected to rise until the end 2021 mainly on the back of electricity and fuel-related price adjustments, but these are projected to fade away in 2022, allowing inflation to return within the target band, the IMF said in the Concluding Statement at the end of its 2021 Article IV mission to Bucharest. "The BNR decisively eased monetary and financial policies in response to the pandemic. Inflation is expected to rise into the end of this year due mainly to electricity and fuel-related price adjustments, but these are projected to fade away in 2022, allowing inflation to return within the target band. Continued accommodative monetary policy to help secure the recovery is appropriate given well-anchored inflation expectations, the negative output gap and muted wage growth projections, and pandemic-related uncertainties. As fiscal consolidation gets underway, extending monetary accommodation beyond this year can be appropriate, as long as consistent with the inflation target," the IMF document reads.