Investiční bankovnictví (Komerční banka)
Interest rates  |  January 29, 2013 16:37:00

Crown slightly increased from eight-month lows

Exchange rate of the Czech crown against the euro today was not too interesting. The course is held in a narrow range from 25.61 to 25.69 CZK / EUR reinforce tendencies towards the end of trading.

Interesting developments in Hungary, where the central bank met. As expected, cut its key interest rate by 25 bps to 5.50%. The Hungarian forint to this message immediately responded by weakening, but during the next trading strengthened as much as 0.6% to a level of 296.0 HUF / EUR. Polish zloty during today's session virtually stagnated.

Today we did not receive any economic indicators from the Czech Republic. Hungary's central bank is expected to cut its key interest rate by 25 bps to 5.50%. This is already the sixth interest rate reductions in a row. The gradual easing of monetary policy, it allows a favorable inflation outlook. Inflation forecasts by NBH could thus achieve the inflation target in the monetary policy horizon. In Poland, was published gross domestic product last year, its dynamics is expected to drop from 4.3% in 2011 to 2.0%. Today's figure is fully fits into the picture further reductions in interest rates. The central bank will meet its monetary policy to a fifth to 6 February, which is expected to further easing monetary conditions.

Tomorrow will not be published in any region of interesting economic indicators.

The short end of the Czech swap curve changed today compared to yesterday, at the long end of the curve decreased by 1 bp.

Author: Jana Malíčková

Tyto zprávy pro vás vytváří Investiční bankovnictví KB.
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