Erste: Romanian currency Leu will continue to depreciate by 2-3 pct over 2020-2021
Publicat:The Romanian currency Leu will continue to depreciate in the following years, because of the high current account deficit, shows a report published on Friday by the Austrian group Erste, which estimates the Romanian currency will lose 2-3 per cent in nominal terms, over 2020-2021. The BNR (National Bank of Romania) will continue to intervene on the market to smooth out the extreme volatility of the euro/leu exchange rate, but it won't fight the market trend, appreciated the Erste analysis.
They believe next year the chances are low for the fiscal policy to remain as relaxed as in…
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