Romania – Factors to watch on Oct. 16

Oct 16 (Reuters) – Here are news stories, press reports and events to watch which may affect Romanian financial markets on Monday.

CURRENT ACCOUNT

Romania’s central bank will release current account data for August.

DEBT TENDER

Romanian debt managers aim to sell 300 million lei ($77.28 million) worth of April 2019 treasury bonds. Low market liquidity and a subsequent rise in yields have driven the finance ministry to reject all bids at the previous three tenders scheduled so far this month.

GOVERNMENT RESHUFFLE

Romania’s ruling Social Democrats replaced three ministers on Friday who resigned in what analysts said was indicative of a rift between Prime Minister Mihai Tudose and powerful party leader Liviu Dragnea.

CEE MARKETS

The forint joined a rally in Central European markets on Friday, shaking off dovish comments from a Hungarian rate setter, due to expectations for an extension of the European Central Bank’s asset buying.

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