Euro se apropie de 5,5 lei. De ce BNR ar putea lăsa leul să se deprecieze

The Romanian leu is under pressure as the euro approaches 5.5 lei, influenced by political uncertainty, declining BNR reserves, and a stronger dollar. BNR maintains the key interest rate at 6.5% but warns of rising inflation. Analyst Claudiu Cazacu notes that the leu has depreciated twice in 2026, with the current episode ongoing. BNR's reserves fell significantly in September, suggesting potential interventions to stabilize the currency. However, Cazacu emphasizes that BNR cannot prevent necessary macroeconomic adjustments. A weaker leu could help reduce external imbalances by making imports more expensive. The dollar's appreciation also impacts costs for imported goods. Analysts predict the euro could reach 5.5 lei soon, with BNR likely allowing more flexibility in the exchange rate due to high public debt.