By Iulian Ernst in Bucharest The National Bank of Romania (BNR) revised upward the inflation projection for the end of 2024 to 4.9% in its updated Inflation Report, from its previous forecast of 4.0%. The inflation projection for the end of 2025 was raised to 3.5% from the previous 3.4%. The central bank added that the projected inflation trajectory doesn’t include the effects of the fiscal and budgetary correction that the government will carry out at the beginning of 2025. The balance of risks to the future evolution of the annual inflation rate is assessed to remain tilted to the upside, th…