Thus, current conditions index fell 3 points to 65.3 points while expectations index rose 3.3 points to 58.8 points.
Expectations regarding the EUR/RON exchange rate in the next six and 12 months stand at RON4.48 to the euro (from RON4.45 in March) and RON4.5 to the euro (from RON4.455 previously) while inflation rate is seen at 1.5% in the next 12 months, similar with the previous expectations, CFA Romania said in a press release Thursday.
At the same time, 83% of the financial analysts expect an increase of the interest rates in the next 12 months.
CFA Romania Macroeconomic Confidence Index was launched in May 2011 and aims to evaluate financial analysts’ expectation regarding economic activity in Romania for one year horizon.
The macroeconomic confidence index is calculated on a scale ranging from zero (no confidence) to 100 points (full confidence in the Romanian economy).
CFA Romania has over 160 members.