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Erste Report : The pressures on the leu and interest rates will drop after the second round of presidential elections

The pressures on the exchange rate could diminish after the second round of presidential elections in Romania and the interbanking interest rates on short term could come down to the key interest, but this depends on the speed to form a new government, an Erste report shows.

« We consider that, irrespective of the government to come after the elections, it will have little options for the next period. A new government, with full powers, supported by a comfortable majority and motivated to continue the public reforms accepted by IMF represents a key factor for the consolidation on medium term and for the improvement of the perspectives on Romania" a report published by the Erste group regarding the evolution of the economies in the region, to include estimates and commentaries of the BCR analysts.

The economists show that the tensions among the main political parties " do not help in reaching the macroeconomic targets agreed with the foreign partners, especially taking into consideration these performance criteria are hard to achieve even in a stable political environment" according NewsIn.

« The pressure on the exchange rate could diminish after the second round of presidential elections, while the interest on short term could come down to the level of the key interest. On the other hand, these things depend on the speed with which a new government is formed and how determined they are to implement the tough measures of reform and to keep the agreement with the IMF within limits" the report says.

The analysts say that « according to the most recent surveys, Traian Basescu is the number one in the first round with a percentage higher than Mircea Geoana and Crin Antonescu, but in the second round the PSD candidate has higher chances to win the elections."« Although during the campaign there are many promisses connected to economic programmes, the president has limited powers to influence the governing of the country ( with the exception of nominating the prime minister) and the implementation of the necessary reforms" the BCR economists say, quoted by the Erste report.

Sursa: http://www.actmedia.eu

Tags: round presidential elections erste second report interest after bcr

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