- Analytics
- News and Tools
- Market News
- EUR/RON to hit the 5.00 level by the fourth quarter – ING
EUR/RON to hit the 5.00 level by the fourth quarter – ING
EUR/RON continues to struggle to surpass the 4.95 mark. Economists at ING believe that the pair will be able to reach the 5.00 level in the last quarter of the year.
Hitting a wall at 4.95
“The NBR continued with rate hikes ‘at its own pace’, which currently means that Romania has the lowest key rate of the CE4 group. Given the large twin deficits and high inflation, we believe that this situation is sustainable for only the very short term.”
“As expected, 4.95 is a very strong resistance as official offers seem to prop the leu by as much as needed. We expect much of the same for most of 2022.”
“EUR/RON will not depart from the current levels before inflation is safely on a downward trend. This seems to be a matter for the last quarter of 2022 when we expect the pair to hit the 5.00 level.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
