Data collected by CFA shows that for the six-month horizon all analysts expect the leu to average 5.0402 to the euro.
CFA Romania’s macroeconomic confidence index continued its downward trend in March down to 40.9 points, due to the evolution of the expectations component of the index, according to analysts.
The survey also shows Romania’s economy is projected to grow by 3% in real terms and the budget deficit to average 6.7% of GDP in 2022. Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, is seen reaching 5.28% over the next 12 months.
The CFA Romania Macroeconomic Confidence Index was launched in May 2011 and aims to evaluate financial analysts’ expectations regarding the economic activity in Romania for a one-year horizon. The index is calculated on a scale ranging from zero (no confidence) to 100 points (full confidence in the Romanian economy).