شركة رقمي
نقل من موقع 
(Updates with Hungary cenbank rate hike, forint reaction)
By Anita Komuves
BUDAPEST, Oct 19 (Reuters) - The Hungarian forint weakened
on Tuesday after the central bank hiked its base rate by less
than expected, disappointing some market participants who had
expected a bigger increase amid rising inflation.
Hungary"s central bank raised its benchmark base rate by 15
basis points to 1.8% and pledged to act "in the most decisive
manner" against inflation risks. The rate rise was
in line with the analyst consensus in a Reuters poll.
Hungary is facing a prolonged fight against inflation and
its tightening cycle will amount to a marathon rather than a
sprint, central bank Deputy Governor Barnabas Virag said after
the rate hike.
The forint gave up early gains that had been
spurred by expectations of a bigger hike, easing to 362.25
versus the euro after the bank"s comments from levels around 360
before the rate decision. It traded at 361.75 at 1405 GMT, flat
from levels seen late on Monday.
The currency eased because "the strengthening of inflation
risks could have justified a bigger rate hike," Gergely Suppan,
analyst at Takarekbank wrote in a note.
Hungarian bond yields on the long end of the curve rose by
3-4 basis points after the rate hike, a fixed-income trader
said.
The forint has given up nearly all its gains since the
National Bank of Hungary (NBH) started tightening in June as it
slowed the pace of rate rises last month despite raising its
inflation forecasts.
The Polish zloty gained, boosted by an increase in
global risk appetite, but that "will be balanced by the
persistent political risk on the Polish currency", Bank
Millennium wrote in a note.
A row between Warsaw and Brussels escalated this month when
the Polish Constitutional Tribunal ruled that parts of the
European treaties were incompatible with Poland"s constitution,
challenging a key tenet of European integration.
The zloty was up 0.23% and trading at 4.5795 per euro.
Elsewhere, the Czech crown eased 0.17% to trade at
25.524 versus the common currency.
Stocks in the region eased, with Warsaw leading
losses by weakening more than 0.5%.
CEE SNAPSHO AT
MARKETS T 1605 CET
CURRENC
IES
Latest Previous Daily Change
bid close change in 2021
EURCZK= Czech
مشاركة :
