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

Noticias del mercado

15 mayo 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

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