Romanian Leu: Rating relief but NBR stays cautious – ING - tmgm.com
From the original
Romanian Leu: Rating relief but NBR stays cautious – ING tmgm.com
Related speeches
4 itemsRomanian inflation more stubborn than expected
The Romanian inflation landscape is proving to be more persistent than anticipated, complicating monetary policy dynamics. As per the full note from ing-think, CPI inflation eased to just 8.2% in July, a decline less than the consensus forecast due to high energy prices and persistent services inflation. The implications for the National Bank of Romania are significant, leading to a revised year-end inflation forecast from 6.00% to 6.50%. Given the weaker consumption outlook and a modest increase in wages, this situation places pressure not only on monetary policy but also on the consumption front, adding complexity to the economic recovery trajectory.
Romanian industrial production: hoping for better days
The desk views Romania's industrial production downturn as a harbinger of ongoing economic challenges, particularly given the reported 3.5% year-on-year contraction in the first half of 2026. Per the full note from ING, persistent cost pressures and weak external demand are primarily behind this decline, and the expectation is set for continued contraction before a recovery begins in 2027. With manufacturing, which constitutes about 80% of output, contracting by 4.6%, it's crucial for traders to gauge the evolving economic landscape in Romania. Weak industrial output could lead to increased pressure on the Romanian leu as markets adjust to these grim economic indicators.
More from GOOGLE NEWS · NZD/USD
5 items- GOOGLE NEWS · NZD/USD
Australian Dollar Forecast: MUFG Sees A Yield Edge For AUD Over NZD - Exchange Rates UK
- GOOGLE NEWS · NZD/USD
New Zealand Dollar Extends Rally As Fed Rate-Hike Bets Fade - Bitcoin World
- GOOGLE NEWS · NZD/USD
Buy NZD/USD, BofA tells its clients By Investing.com - Investing.com Canada
- GOOGLE NEWS · NZD/USD