Investors are eyeing January inflation data on Friday morning, which is expected to show that headline inflation accelerated. The zloty was flat on Thursday, ahead of a press conference with the central bank governor who is due to comment on the central bank's latest policy decision. The National Bank of Poland left its main interest rate unchanged at 6.75% on Wednesday and reiterated its view that a global slowdown would help curb inflation in Poland. "In the case of the conference of Governor A. Glapinski, we assume an unchanged narrative from recent months," Millennium Bank said in a note. "We believe that the EUR/PLN exchange rate will try to move towards 4.7239 again today, however, given the unfavourable environment (pressure for the dollar strengthening), the attack may turn out to be ineffective." Romania's leu rose by 0.2%, just shy of a two-week high at 4.879 per euro it hit earlier in the session.
The crown added 0.2% ahead of January inflation data on Friday, where a jump to 17.3% on an annual basis from December's 15.8% is expected, mainly due to companies' new year repricing and expirations of energy contracts for households. On the stock front, Prague Bourse index was up 1.1%, followed by Budapest , rising by 1.0%, and Warsaw adding 0.9%. CEE SNAPSHO AT
MARKETS T 1052 CET
CURRENC
IES
Latest Previous Daily Change
bid close change in 2023
EURCZK= Czech <EURCZK= 23.7300 23.7700 +0.17% +1.80%
crown >
EURHUF= Hungary <EURHUF= 385.200 387.3500 +0.56% +3.70%
forint > 0
EURPLN= Polish <EURPLN= 4.7365 4.7370 +0.01% -0.99%
zloty >
EURRON= Romanian <EURRON= 4.8865 4.8950 +0.17% +1.15%
leu >
EURHRK= Croatian <EURHRK= 7.5330 7.5365 +0.05% +0.05%
kuna >
EURRSD= Serbian <EURRSD= 117.200 117.3000 +0.09% +0.09%
dinar > 0
Note: calculated from 1800
daily CET
change
Latest Previous Daily Change
close change in 2023
.PX Prague 1390.14 1374.800 +1.12% +15.68
0 %
.BUX Budapest 46350.4 45883.27 +1.02% +5.84%
6
.WIG20 Warsaw 1904.08 1886.68 +0.92% +6.25%
.BETI Bucharest 12239.1 12244.99 -0.05% +4.94%
3
.SBITOP Ljubljana <.SBITOP 1174.37 1155.20 +1.66% +11.97
> %
.CRBEX Zagreb 2130.27 2130.01 +0.01% +710.7
0%
.BELEX1 Belgrade <.BELEX1 873.41 868.66 +0.55% +5.92%
5 5>
.SOFIX Sofia 613.23 612.71 +0.08% +1.95%
Yield Yield Spread Daily
(bid) change vs Bund change
in
Czech spread
Republic
CZ2YT=R 2-year <CZ2YT=R 5.7060 -0.0650 +303bp -2bps
R R> s
CZ5YT=R 5-year <CZ5YT=R 4.8440 -0.0470 +253bp +1bps
R R> s
CZ10YT= 10-year <CZ10YT= 4.4230 -0.0520 +212bp +1bps
RR RR> s
Poland
PL2YT=R 2-year <PL2YT=R 6.0240 -0.1380 +335bp -10bps
R R> s
PL5YT=R 5-year <PL5YT=R 5.8480 -0.0940 +353bp -4bps
R R> s
PL10YT= 10-year <PL10YT= 5.9100 -0.0920 +361bp -3bps
RR RR> s
FORWARD
3x6 6x9 9x12 3M interba nk Czech Rep 7.15 6.84 6.16 7.20 <PRIBOR=
>
Hungary 14.55 12.81 11.45 16.05 Poland 6.92 6.76 6.33 6.94 Note: FRA are for ask
quotes prices
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Restrictions - (Reporting by Krisztina Than in Budapest, Alan Charlish in
Warsaw and Robert Muller in Prague; Editing by Arun Koyyur)
