The currency hit a nine-month high at 346.80 on Monday after the central bank last week flagged an interest rate hike to rein in inflation, before giving up some gains in a correction. After April CPI data in central Europe jumped above target ranges of central banks, rate hike expectations in the region lifted currencies. Rate hikes could start in June in Hungary or the Czech Republic, according to recent signals from policymakers and market pricing.
CEE MARKETS-Currencies steady as rate-hike expectations support
2021-05-28T09:59:26-04:00May 28th, 2021|
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