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marți, 28 septembrie 2021 - 23:37

EUR still below RON 5 until the end of the year

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According to the latest Bloomberg poll, quoted by Profit.ro, the estimate of the single European currency, the euro, would remain in Bucharest below the RON 5 threshold until the end of this year.

The psychological threshold of RON 5 will probably be surpassed in the first part of 2022.

However, the Romanian publication notes that some of the analysts’ estimates were cast last week – before the political crisis erupted – thus implying that the crisis may change analysts’ expectations in the meantime.

The ministers of the junior ruling party USR-PLUS resigned on Tuesday.

On the other hand, the National bank of Romania (BNR) usually intervenes – part of the local currency’s controlled floating regime – to limit the strong fluctuations caused by momentary volatility.

The RON seems to be losing ground a bit more alert in recent days.

The Romanian currency accelerated its depreciation trend in the last week amid internal political tensions and decoupled from regional developments.