"Monetary easing will continue in 2014, and if we add the possible restriction of generous monetary stimulus provided to the market by central banks, we see that the future of lending is in local currency. Loans in lei will continue cheapen and we could see interest rates below 6% for low risk loans, very close to those in euro. We estimate that in a horizon of 1-2 years the share of loans in lei will exceed 50% of total non-government credit," said Eugen Sinca, BCR chief analyst.
Read the entire article in Romanian, here.
