Romania
Briefing Romania
Quiet days again
EUR/RON
It’s difficult to get quieter trading than we've had in recent days in the EUR/RON. The pair looks pinned in a tight 20-30 pips range around 4.7300. We expect more of the same for today.
Government bonds
After the previous day's correction, ROMGBs traded broadly flat yesterday with just a touch of better buying interest. We don’t expect much action before tomorrow’s Feb-2029 auction which should garner strong interest.
Money market
Cash rates traded around 2.00% as the liquidity surplus persists. We should see the front end shifting lower due to the end of the reserve maintenance period.
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