Romanian macroeconomic indicators and interest rate forecasts: Reuters poll
Tweet
Share
E-mail
General view of the National Bank of Romania in Bucharest, Romania - May 5, 2021. Picture taken May 5, 2021 Octav Ganea/Inquam Photos via REUTERS/File Photo
BUCHAREST (Reuters) - The median forecast of a Reuters poll of analysts puts Romanian inflation at 4.4% year-on-year at the end of October, down from September's 4.62%.
Analysts expect inflation to fall to 4.8% by year-end and 3.9% by end-2025, both above the central bank's current forecasts of 4.0% and 3.4%, respectively. The bank, which targets inflation at 1.5%-3.5%, will release new forecasts for this year and next later this month.
Five of seven analysts expect the central bank to keep its benchmark interest rate on hold at 6.50% at its next meeting on Nov. 8. Borrowing costs are seen at 6.00% by June and 5.50% by end-2025.
Analysts expect the economy to have grown 1.9% on the year in the third quarter. They see it growing 1.8% overall in 2024 and 2.8% next year.
(Reporting by Luiza Ilie)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bain Capital to buy bubble tea chain Gong cha from TA Associates and others
- South Korea says the chance of 3% economic growth has risen sharply
- US FDA approves Takeda's sleep disorder pill
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
