“Inflationary expectations have continued to fall pointing to the possibility of the inflation rate going below 10% starting October 2023,” says Adrian Codirlasu, Vice-President of CFA Romania Association.
Data collected by CFA in September shows that for the six-month horizon, most analysts included in the monthly survey expect the leu to average 5.0117 to the euro.
CFA’s macroeconomic confidence index dropped to 34.7 points.
The survey also shows Romania’s GDP is expected to grow by 4% in real terms, slightly less than the previous projection.
Also, the three-month ROBOR is forecast to reach 7.39% a year in the next 12 months.
Around 72% of respondents expect a decline in housing prices in major cities, while 78% of them consider these prices are overvalued.
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).
(English version by Catalina Apostoiu)