CEE MARKETS-Forint softens ahead of interest rate decision

By Alan Charlish and Anita Komuwes WARSAW/BUDAPEST, Dec 20 (Reuters) – Hungary’s forint weakened in light trade on Tuesday ahead of a central bank meeting that is likely to keep interest rates on hold despite rising inflation. The National Bank of Hungary (NBH) is expected to leave the key rate unchanged at 13%, the highest in the European Union, while inflation is forecast at 18.7% next year, more than four percentage points above the 2022 level. is higher. The bank is due to issue its decision at 1300 GMT. The forint was 0.63% softer at 405.15 against the euro by 0902 GMT. “There is very little trading now, ahead of the holiday … the bigger swing is the result of low liquidity, there is no news behind it,” said an FX trader in Budapest. After the interest rate decision, the Central Bank will announce the latest inflation forecasts. “Forint exchange rate can be changed primarily by hints about the steps expected in the next few months,” wrote broker Equilor. Long-term government bond yields rose 5-6 basis points on Tuesday, tracking market yields, a fixed-income trader in Budapest said. The yield on the 10-year bond was around 8.45%. The Czech crown weakened 0.07% to 24.25 euros against the euro as traders looked ahead to the Czech National Bank’s (CNB) rate meeting on Wednesday. The CNB is likely to hold interest rates steady at its final policy meeting in 2022 and won’t begin cutting rates until the second half of 2023, a Reuters poll showed.Elsewhere, the Polish zloty was down 0.11% against the euro was more stable at 4.6855. data that showed that the production of industrial products in November was better than expected by analysts. “The EUR/PLN rate remains in a narrow range, and we do not believe that releases on industrial production or the state of the labor market will change this … as the data will not affect the outlook for monetary policy,” Millennium Analysts Bank said ahead of the release. have written information. CEE SNAPSH AT MARKET OT 1002 S CET CURREN CIES Latest Previo Daily Change our offer close Change in 2022 EURCZK Czech Republic 0 0 % EURHUF Hungary 00 00 EURPLN Poland % EURRON Romania % EURHRK Croatia from EURRSD Serbia calculation daily CEE50010% Note: Change giving the last PESTOSO changes every day the near change in 2022 > 0 4 % .BETI Bukhare <.БЕТИ 12094. 12100. -0,05% -7,40% ст > 84 72. SBITO Ljubljana <.СБИТ 1052,9 1062,1 -0,86% -16,13 П на 7 ОП ЭКС.БР 1937,5 1936,8 +0,03 -6,82% X> 3 6 %. BELEX Belgrade <.БЕЛЕ 808,95 810,14 -0,15% -1,44% 15 е X15> .SOFIX Sofia <.SOFI 596.8708%ld. (tend) changes and changes Bund in the Czech Republic spread CZ2YT= 0 ps CZ5YT= 0 ps CZ10YT ps Poland PL2YT= 0 ps PL5YT= ps PL10YT ps FORWAR D 3x6 6x9 9x12 FRAZE prices are requested by Hunga: quotes **** * ************************************* ****************** * ******** (Reporting by Alan Charlish in Warsaw, Anita Komuwes in Budapest and Jason Howet in Prague Editing by David Goodman)

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