Romania - Factors to watch on Dec. 11
BUCHAREST, Dec 11 (Reuters) - Here are news stories, press reports and events to watch which may affect Romanian financial markets on Tuesday.
INFLATION DATA
The National Statistics Board will release consumer price inflation data for November at 0700 GMT.
The median forecast of a Reuters poll of analysts puts inflation at 3.7 percent year-on-year at the end of November and at 3.6 percent at the end of 2018, above the central bank's current forecast of 3.5 percent.
FOREIGN TRADE
Romania's trade deficit widened by roughly 16 percent on the year in the first 10 months to 11.8 billion euros ($13.42 billion).
BOND TENDER
Debt managers sold a more than planned 697.8 million lei ($171.20 million) of October 2020 treasury bonds on Monday at an average accepted yield of 3.48 percent, central bank data showed.
CEE MARKETS
The crown set a 5-week high against the euro on Monday as expectations for further Czech central bank interest rate hikes prevailed despite a drop in annual inflation in November.
STABILITY REPORT
Romania's banking sector has stayed sound, the central bank said in its latest financial stability report, with "solvency and liquidity remaining within adequate parameters."
It said asset quality improved as non-performing loan ratio dropped to 5.56 percent in September from 6.41 in December 2017.
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