„Inflationary expectations have continued to rise, with respondents expecting inflation to stay in the two digits at least for the next 12 months,” says Adrian Codirlasu, CFA Romania vice president.
CFA Romania’s macroeconomic index dropped to 32.9 amid the 5-point decline of the current conditions component.
Romania’s three-month ROBOR index, the interbank interest rate used to calculate variable interests for loans in lei taken out before May 2019, is seen reaching 7.57% in the next 12 months.
The survey also shows a still falling share of respondents expecting housing prices in major cities to rise in the next 12 months in parallel with a rising share of respondents believing prices will fall. At the same time, 77% of respondents consider housing prices in the main cities are overvalued.
CFA Romania’s poll aims to evaluate financial analysts’ expectations regarding economic activity in Romania for a one-year horizon.
(English version by Catalina Apostoiu)