شركة رقمي
نقل من موقع 
BUCHAREST, July 13 (Reuters) - The Czech crown
touched a one-week high on Tuesday as inflation exceeded market
expectations and reinforced views of another interest rate hike
in August, while other central and eastern European currencies
were mixed.
Czech headline inflation eased less than expected in June to
a rate of 2.8% year-on-year, sticking near the top end of the
central bank"s target range.
"The Czech National Bank has open space for another rate
rise already at its August meeting after today"s data,"
UniCredit economist Patrik Rozumbersky said.
In June, the Czech and Hungarian central banks became the
European Union"s first policymakers to tighten interest rates
since the pandemic hit, faced with strong inflationary
pressures.
By 0850 GMT, the Czech crown was up 0.3% against
the euro on the day at 25.6140.
Elsewhere in the region, the Romanian leu was flat
against the euro despite inflation rising to a
higher-than-expected 3.94%.
Earlier this month, Romanian central bank Governor Mugur
Isarescu said the bank did not plan to hike its benchmark
interest rate at its August meeting, but that it had already
started a tighter control of market liquidity.
Analysts did not expect the bank to hike borrowing costs
this year, as Romania"s benchmark rate - while at a record low -
was still higher compared to its regional peers.
"So far, the central bank reaction to higher inflation has
been relatively limited, which we expect to be the case for the
rest of 2021," said ING Bank Romania chief economist Valentin
Tataru.
"Should inflation be more demand-driven earlier than
currently expected, we might see rate hikes starting as soon as
4Q20."
The Hungarian forint and Polish zloty
were each down 0.2% on the day.
Stocks in the region were mixed, with Warsaw up
0.8%, Budapest up 0.2%, Prague down 0.2% and
Bucharest flat.
CEE SNAPSHO AT
MARKETS T 1117
CET
CURRENC
IES
Latest Previou Daily Change
s
bid close change in 2021
Czech
مشاركة :
