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CFA: macroeconomic confidence index went up to 59.7 points in March 2016
The CFA Romania macroeconomic confidence index went up to 59.7 points in March 2016, increasing 4.2 points from the previous month, according to a CFA Romania release.
"In March 2016, the CFA Romania macroeconomic index recorded 59.7 points, increasing 4.2 points from the previous month. The advance was due to both its components. Thus, the current conditions index stood at 68.3, increasing 6.3 points, and the expectations index went up by 3.3 points, to 55.5 points," the release reads.
In respect to the euro/leu exchange rate, the median expectation for a 6-month horizon is 4.4500 lei per euro (from 4.4600 in the previous month), and a 4.4550 lei per euro rate for the 12-month horizon (from 4.4500 in the previous reporting period).
The expected inflation rate for the 12-month horizon (April 2017 - April 2016) recorded a median value of 1.50 percent (increasing 0.50 percentage points from the previous reporting period).
"It is worth mentioning that 73 percent of the participants expect an increase in the interest rates on short-term maturities (ROBOR 3M), and 85 percent anticipate an increase in the interest rates for medium-term maturities (5 years)," the release also reads.