Romania's National Bank revises end-2017 inflation forecast to 1.6 pct vs 1.7 pct

Market news

15 May 2017

Romania's National Bank revises end-2017 inflation forecast to 1.6 pct vs 1.7 pct

Says we do not need exchange rate appreciation which would prove unsustainable
Rise of excess demand is still reasonable compared with 2008
Reiterates does not see much room for real exchange rate to appreciate
Effect of excess demand on core-2 inflation is less intense, likely because of imports
RON currency developments in q1 could barely be called depreciation
Sees inflation at 3.4 pct at end-q1 2019
Inflation will re-enter target margin in q4 2017

Turkish finance minister says pick-up in economic activity, rise in tax revenues to continue in coming months

Italian consumer price index increased by 0.4% on monthly basis

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