Earlier this month, Romania’s central bank lowered its year-end inflation forecast to 3% from a previous projection of 3.1%, and sees the rate at 3.2% at the end of 2021.
CFA analysts expect the leu to reach an average of 4.83 to the euro for the six-month horizon.
Over 60% of analysts also expect interest rates to grow both for short (three-month money market rates) and longer tenures (sovereign five-year bonds).
Nearly 62% of analysts think property prices in large cities are overinflated.
Financial analysts’ confidence in Romania’s economy grew 2.2 points in January compared with December 2019, to 63.7 points. Compared with January 2019, it grew 39.9 points.
The current conditions index dropped 3.3 points on a monthly bases and grew 33.8 points on an annual basis, to 73.1 points.
The expectations index grew 4.9 points on a monthly basis and 43 points on an annual basis, to 59 points in January.