CFA Romania’s financial analysts anticipate a depreciation of the leu in the next 12 months, up to a 4.8823 lei/ euro rate and an increase in interest rates for both short and long maturities.

“Regarding the EUR-RON exchange rate, almost 90% of participants anticipate a depreciation of the leu in the next 12 months (compared to the present value). Thus, the average value of the forecasts for the 6-month horizon is of 4.8286, while for the 12-month horizon the average value of the anticipated rate is of 4.8823. It is worth noting the expectations regarding the increase of the interest rates for both short maturities (3M ROBOR) and for long ones (sovereign bonds with maturity 5Y denominated in RON), over 62% and 64% respectively of the survey participants anticipating these developments,” shows a statement of CFA Romania quoted by Agerpres.

On the other hand, in December 2019, the Macroeconomic Confidence Indicator of the CFA Society Romania Association increased by 4.6 points compared to the previous month, to 61.5 points (compared to the same month of the previous year, the Indicator a increased by 32.8 points).