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ING surprisingly upbeat with exchange rate projection: euro down to 4.15 RON in March
06.01.2011, 23:58 | Finance-Banks | 765 views
Euro is likely to slide to 4.15 RON in the first quarter, from 4.26 RON at present, believe ING analysts, who surprisingly revised their forecast yesterday in the wake of the good news piling up in recent weeks. Traditionally, ING analysts had a downbeat vision over the RON, but now their projection is the most daring, while the other domestic analysts are still hesitating. According to the previous forecast, the euro should have climbed to 4.3 RON in March. "The Government's determination to fulfil IMF requirements is now much more obvious, both at a declarative level, and at the level of concrete steps. Read more on ZF.ro
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