For the six-month horizon, most analysts included in the monthly survey (90%) anticipate an exchange rate for the local currency of 4.9953 units per euro.
As regards the Macroeconomic confidence index of CFA, it dropped in April (by 2.1 points) to 55 points. The drop was due to the anticipations component, which went down by 4.8 points, to 48.8 points.
The 3-month ROBOR index, used to calculate variable interest rates for RON-denominated loans contracted ahead of May 2019, is projected to reach 6.22% in the next 12 months.
„After four months of consecutive growth, the anticipations component of the confidence index posted a correction. In line with this correction, the value of the forecast economic growth for 2023 dropped below 3%,” said Adrian Codirlasu, Vice-President of CFA Romania Association.
As regards the evolution of housing prices in cities, 45% of respondent expect stability, while the same percentage forecast a decline in the next 12 months. At the same time, 65% of them consider current prices overvalued and 30% see them as accurately valued.
(English version by Catalina Apostoiu)