BCR VP foresees market stability
Dan Bunea, the executive vice-president of the largest bank in the system, BCR, foresees a continuation of the appreciation of the RON in nominal terms and a stability of RON interest rates this year. "In an attempt to anticipate the steps the National Bank will take in the context of the direct inflation targeting policy for this year, I see the appreciation of the RON in nominal terms maintaini…
Dan Bunea, the executive vice-president of the largest bank in the system, BCR, foresees a continuation of the appreciation of the RON in nominal terms and a stability of RON interest rates this year. “In an attempt to anticipate the steps the National Bank will take in the context of the direct inflation targeting policy for this year, I see the appreciation of the RON in nominal terms maintaining this year, but I do not think that what will happen on the forex market this year will be comparable to what happened last year,” Bunea told ZIARUL FINANCIAR. He said he was expecting a decline in the volatility of the market compared with last year, when exchange rate fluctuations reached as much as 7%, counting on oscillations of no more than plus/minus 2%. “I estimate an exchange rate of 3.50 – 3.55 RON/EUR for the end of the year,” he added. ZF
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