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Band Anita Komuves

BUDAPEST, December 7 (Reuters)Central European currencies edged down on Tuesday amid limited trading as investors scrutinized key inflation data and central bank rate decisions expected later in the week, while stocks rallied while global sentiment was optimistic.

The Hungarian forint EURHUF = was down 0.04% to 365.49 per euro in conditions of low liquidity, as investors looked at the November CPI data due Wednesday and the week-long call for bids from the central bank Thursday, two FX traders in Budapest said.

Hungary’s annual headline inflation is expected to peak above 7% in November and the central bank will continue to raise interest rates this month to curb inflation, Deputy Governor Barnabas Virag said on Tuesday. .

Headline inflation for November is expected at 7.3% per year, according to a Reuters poll.

The National Bank of Hungary (NBH) will hold its first currency exchange tender this month later today. The bank said on Friday it would hold currency swap tenders providing liquidity in euros and a discount bill tender in December to improve the transmission of monetary policy.

“The currency swap offer can help stabilize the forint rate as investors adjust their positions at the end of the quarter, but it usually does not have an immediate effect on the forint rate,” said a FX trader.

The Polish zloty EURPLN = slipped 0.07% to 4.5980 per euro, halting recent gains which were supported by heightened expectations of rate hikes as November inflation surged.

The National Bank of Poland (NBP) is holding its next rate-setting meeting on Wednesday where a Reuters analyst poll expects a rise of 50 basis points to 1.75%.

Elsewhere, the Czech crown EURCZK = edged down 0.08% to trade at 25.4500 against the common currency. November inflation data for the Czech Republic will be released on Friday.

Industrial production data showed on Tuesday that a global chip shortage in the automotive sector weighed heavily on Czech and Hungarian industrial production in October, preparing their economies for a weak start to the fourth quarter.

Global stocks rose as concerns over the Omicron variant of the coronavirus eased.

that of Warsaw .WIG20 stocks led the gains, adding 1.77%, while Budapest .BUX was 1.15% higher. Prague .PX was up 0.85% and Bucharest .BETI added 0.95%.

CEEC MARKETS

INSTANTANEOUS

At 1049 CET

COINS

Latest

Previous

Daily

Switch

offer

close

hum

in 2021

EURCZK =

czech crown

EURCZK =

25.4500

25.4290

-0.08%

+ 3.06%

EURHUF =

Hungarian forint

EURHUF =

365,4900

365.3600

-0.04%

-0.76%

EURPLN =

Polish zloty

EURPLN =

4.5980

4.5947

-0.07%

-0.84%

EURRON =

leu in Romanian

EURRON =

4.9480

4.9475

-0.01%

-1.68%

EURHRK =

Croatian Kuna

EURHRK =

7.5230

7.5255

+ 0.03%

+ 0.33%

EURRSD =

Serbian dinar

EURRSD =

117.4800

117.5800

+ 0.09%

+ 0.08%

Note: daily change

calculated from

1800 CET

Latest

Previous

Daily

Switch

close

cash

in 2021

.PX

Prague

.PX

1380.95

1369.2500

+ 0.85%

+ 34.45%

.BUX

Budapest

.BUX

51305.41

50723.42

+ 1.15%

+ 21.84%

.WIG20

Warsaw

.WIG20

2229.37

2190.67

+1.77%

+ 12.37%

.BETI

Bucharest

.BETI

12566.24

12448.01

+ 0.95%

+ 28.15%

.SBITOP

Ljubljana

.SBITOP

1220.99

1215.70

+ 0.44%

+ 35.54%

.CRBEX

Zagreb

.CRBEX

1996.95

1991.88

+ 0.25%

+ 14.81%

.BELEX15

Belgrade

.BELEX15

831.89

833.81

-0.23%

+ 11.12%

.SOFIX

Sofia

.SOFIX

624.62

624.64

-0.00%

+ 39.57%

Yield

Yield

Broadcast

Daily

(offer)

cash

against the Bund

switch

Czech Republic

broadcast

CZ2YT = RR

2 years

CZ2YT = RR

2.9090

0.0090

+ 362bps

-1bps

CZ5YT = RR

5 years

CZ5YT = RR

2.6640

0.0310

+ 327bps

+ 1bps

CZ10YT = RR

10 years

CZ10YT = RR

2.5500

-0.0110

+292 basis points

-3bps

Poland

PL2YT = RR

2 years

PL2YT = RR

2.9050

-0.0300

+ 362bps

-5bps

PL5YT = RR

5 years

PL5YT = RR

3.3080

-0.1300

+ 391bps

-15bps

PL10YT = RR

10 years

PL10YT = RR

3.2920

0.0700

+ 366bps

+ 5bps

CHEEKY

3×6

6×9

9×12

3M Interbank

Czech Republic

CZKFRAPRIBOUR =

3.95

3.94

3.82

3.20

Hungary

HUFFRABUBOR =

4.47

4.60

4.60

3.49

Poland

PLNFRAWIBOR =

3.10

3.32

3.27

2.24

Note: quotes from FRA

are for the asking prices

*************************************************** ****** ************

(Reporting by Anita Komuves in Budapest; Editing by Amy Caren Daniel)

(([email protected]) (+ 36 70 795 8815))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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