CFA Romania analysts see national currency depreciating to 5.0438 RON/euro, inflation rate at 8.12 pct
Publicat:The Macroeconomic Confidence Indicator produced by the CFA Romania Association dropped 4.8 points this June to 54.2 points, and exchange rate expectations see the domestic leu losing ground to the euro, down to a rate of 5.0438 RON for one euro; over a 12-month horizon, the inflation rate is seen at 8.21 percent, the association said in a release on Wednesday.
"Amid a high budget deficit and expectations for a rise in indirect taxes, confidence in the economy has slumped. Consistent with this evolution, a certain return of inflationary expectations is noticeable. Thus, both the anticipated inflation…
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