Dragoș Cabat (CFA): I think in the following days the exchange rate will recover. In the electoral cycles, the NBR was careful not to disturb the waters even more, when there was political volatility

The exchange rate could recover in the next few days at values ​​of less than 5 lei for one euro, after passing this psychological threshold on Tuesday, Dragoș Cabat Economic Analyst, a member of the CFA, Co-founder CABAT & PAH Investments told AGERPRES.

“For me it is a little unexpected. I also talked about the main effects of its volatility in the Romanian political life and among the things that I said would remain unchanged was the exchange rate, because my feeling was that the national bank, on the one hand, has enough reserves on the other, as it has always been in the city, Political volatility, ”explained Dragoș Cabat ..

In his opinion, it is not excluded to see in the coming days that the euro will go back below 5 lei. “This is my prediction. It was usually two days when the National Bank did not intervene in the markets. It was usually on Friday, and sometimes neither Monday. Now we are not in that paradigm, but I think that in the coming days it will be back. Dollar, compared to all other coins in real term, by the fact that our inflation was always higher than that of developed countries and yet the exchange rate remained constantly 5 to 6 years, ”says the quoted analyst.

He stressed that this could be the time of a lion's shock beyond the threshold of 5 lei, although it would not go on this variant, at least in the short term, until June.

“If we also have a depreciation of the exchange rate, in addition to political volatility, and especially with the possibilities of slipping into isolationism, to break the links with the European Union, if we take into account the inflation we have, the largest in Europe, if we take into account the whole internal and international, economic and political context, then we would be very close to us, The country rating, which would be a very bad news.

The Bucharest Stock Exchange reacted negatively to the results of the first round elections and to the changes on the political scene, while the interest in which the cost of credits are calculated, and the Lion/Euro course exceeded the psychological threshold of 5 lei.