Romania
Briefing Romania
Quiet days again
Source: Reuters
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.
Source: Reuters, ING estimates
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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more
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