Erste: Romanian currency exchange rate will remain stable

The Romanian currency’s exchange rate might range between RON 4.4-4.6/EUR 1 this year, and the central bank will continue to keep volatility under control, according to the Austrian group Erste. The Romanian National Bank could increase the monetary policy rate towards the end of the year due to the high probability of inflation exceeding 2% in the first quarter of the next year. BNR could thus raise the monetary policy rate by 0.25% in the last quarter of this year and the first quarter of 2017, to 2.25%, reports local Ziarul Financiar. The Erste analysts expect a 4.1% increase in the economy this year. The economic growth could slow down at 3.8% next year, they estimate. The GDP rose by 3.7% last year, according to the National Institute of Statistics. editor@romania-insider.com