Further Hungarian rate cuts remain a possibility, although growth trends should slowly change for the better.
The forint continued to show remarkable stability in the first half of March (similarly to February). Upside EUR/HUF risks are still present, though the exchange rate has weathered global storms (including the Greek/EMU debt jitters) relatively well. This year we expect a temporary weakening in the spring and a gradual appreciation in H2 2010.Tovább>
HUNGARY
Industrial production returned into firmly positive territory on a year-on-year basis. Final (detailed) Q4 GDP results are due out today.
POLAND
No important Polish data publications today.
CZECH REPUBLIC
The annual rate of industrial production headed north; inflation remained at moderate levels.
Q4 current account data will be released today.
GLOBAL FACTORS
The dollar edged up again versus the euro, while equities showed a mixed performance globally.Tovább>
A tegnapi nap (a tavaly elért piaci mélypont egyéves évfordulója) sem volt túlzottan érdekes piaci szempontból, inkább az egyedi hírek befolyásolták a piaci szereplőket. Az amerikai indexek enyhe pluszban zártak, a dollár kissé erősödött.Tovább>