Financial analysts of CFA Romania estimate a depreciation of the RON in the next 12 months

Georgiana Bendre 25/07/2017 | 13:51

The financial analysts of CFA Romania estimate a depreciation of the RON in the next 12 months, up to a median value of RON/EUR 4.6 and an inflation rate of 2 percent, according to a CFA release on the macroeconomic confidence indicator, which dropped to 60 points in June.

“In June the macroeconomic confidence indicator of CFA Romania dropped compared with the previous month to 60 points, by 6.6 points lower than the value of the previous financial year. The drop was due to both its component, the current conditions indicator was 76.2 points, a drop by 7.6 points, while the anticipations indicator decreased by 6.1 point up to 51.8 points. Over 70 percent of participants anticipate a depreciation of RON in the next 12 months,” says the CFA Romania release.

The anticipated inflation rate for 12 months period (July 2018/July 2017) registered the median value of 2 percent, similar with the one registered in the previous financial year.

„The increased anticipations in the interests rates to RON were remarked, both for the short term maturities (3 months) as well as for the medium term (5 years), 90 percent, respectively 95 percent of the survey participants anticipating this evolution,” says the source.

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