CFA Romania analysts anticipate a depreciation of the national currency over the next 12 months to an average exchange rate of 4,8262 lei/ euro.

“With regard to the EUR/RON exchange rate, 71% of participants anticipate a depreciation of the leu in the next 12 months (compared to the current one). Thus, the average expectation for the 6-month horizon is 4.7810, while for the 12-month horizon the average rate of the forecasted exchange rate is 4,8262. The 12-month inflation outlook (July 2020 / July 2019) averaged 4.05%”, a CFA Romania release.

In June 2019, the Macroeconomic Confidence Indicator of CFA Romania decreased by 0.6 points compared to the previous month, up to 50.9 points (compared to the same month of the previous year, the indicator increased by 7.2 points), according to Agerpres.

Thus, the indicator of current conditions increased by 2.2 points, up to 60.5 points (compared to the same month of the previous year, the current conditions indicator decreased by 1.4 points) compared to the previous month.