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February 28, 2021
ECONOMY FINANCE&BANKING

CFA Society Romania macroeconomic confidence index advances to 60.9 points in April 2016

The CFA Society Romania macroeconomic confidence index advanced to 60.9 points in April 2016, up 1.2 points from the month before, according to a press statement released by CFA Romania on Thursday.
‘The CFA Society Romania macroeconomic confidence index in April 2016 reached 60.9 points, up 1.2 points from the month before on expectations; current conditions got 65.3 points, down three points, expectations were up 3.3 points to 58.8 points,’ says CFA.
As far as the exchange rates of the local currency, the leu, are concerned, the expected six-month median value against the euro is 4.4800 lei to the euro (compared with an expected 4.4500 lei to the euro one month before), while 12-month median value is expected to be 4.5000 lei to the euro (compared with a previous 4.4550 lei).
Median May 2016-May 2017 inflation is expected to reach 1.50 percent (similar to the previous expectations).
‘It is worth noticing that 83 percent of the participants expect an increase in the interest rates in the next 12 months, both for short-term maturities (ROBOR 3M) and for medium-term maturities (5 years),’ says CFA.

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