http://www.fxstreet.com/fundamental/market-view/central-european-daily/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-02-10.htmlHeadlines: CEE currencies in wait-and-see mode IMF warns that it may lower growth forecast for Hungary The Central European currencies were trading within a narrow range yesterday. First, good news about a possible agreement in Greece cheered markets, but this reversed quickly in the afternoon after the agreement looked to be a bit further away on new demand from the EU. The final deadline for the negotiations its the redemption of a large Greek bond stock on March 20, which could potentiallyFri, 10 Feb 2012 09:47:16 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-02-10.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-02-09.htmlHeadlines: NBP leaves official rates unchanged at 4.5% - as expected EUR/CZK pair below 200 days moving average On Wednesday, Central European currencies experienced a mixed trading. The zloty and the forint posted small losses, whereas the EUR/CZK cross rate edged lower and closed below 200 days moving average (seen at 24.816). Nevertheless, the regional highlight was the National Bank of Poland’s (NBP) meeting. Although the NBP left rates unchanged (such a result was broadly expected), itThu, 09 Feb 2012 09:53:33 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-02-09.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-02-08.htmlHeadlines: CE markets still supported by global positive sentiment NBP should stay on hold and it keeps its neutral bias Regional forex and fixed-income markets have kept their positive sentiment as macro data from Central Europe flow has been neutral to slightly negative (see today’s releases of Hungary’s trade balance and the Czech unemployment rate), while hopes related to the Greek deal have been generally supportive for regional assets. Today, the NBP interest-rate-setting meeting shouldWed, 08 Feb 2012 09:21:30 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-02-08.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-02-07.htmlHeadlines: While Czech economy records huge trade surplus, Hungary’s industry fell in December EUR/PLN pair settles below 200 days moving average Central European currencies saw a mixed trading on Monday. While the koruna and the zloty closed barely changed, Hungarian assets posted some losses. The EUR/HUF cross rate edged about 0.5 percent higher amidst jitters about a new Greek bail-out programme and 10 Y yield rose by nearly 20 basis points. Meanwhile, the EUR/PLN has settled below 200 daysTue, 07 Feb 2012 09:17:32 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-02-07.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-02-06.htmlHeadlines: CEE currencies extend rally on US payrolls Czech industry posts solid growth, NBP in focus CEE currencies extended rally on positive US payrolls figures and subsequent gains of global equity markets. EUR/CZK moved back below crucial 25.00/25.015 level and EUR/PLN stays below 4.2 and 200-day moving average. For the week ahead the crucial question is whether this breakthrough is sustainable or the rally starts to loose the steam. A lot of should depend on the outcome of Greek talks.Mon, 06 Feb 2012 09:18:34 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-02-06.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-02-03.htmlHeadlines: CEE currencies unchanged before US data CNB cuts growth forecast to 0.0% from 1.2% in 2012 Central European currencies have been waiting on the sideline before US payroll data this afternoon. Investors have also become more cautious about the outlook after the sharp rally of the forint and the zloty over recent weeks and bond yield levels are also trading in a narrow range. The Czech central bank held its monthly meeting yesterday and decided 6-0 to keep the base rate unchanged atFri, 03 Feb 2012 09:35:27 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-02-03.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-02-02.htmlHeadlines: Regional PMIs point to diverging tendencies… Polish manufacturing surprisingly grows, while Czech continues to decline Regional PMIs show diverging tendencies within the region. Polish PMIs surprisingly turned back above 50, level indicating expansion. It rose for the first time since October and posted the third steepest one-month gain in the survey history to 52.2, from 48.8. What is maybe even more important is the fact that while the production continues to decline, new ordersThu, 02 Feb 2012 09:50:17 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-02-02.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-02-01.htmlHeadlines: BGK bank sells euros in the market Polish PMI surprised to the upside Central European currencies saw a mixed session on Tuesday. Despite posting some gains in intraday trading, they closed barely changed as the strengthening US dollar weighed in late afternoon. However, the Polish zloty kept the gains and even tested 200 days moving average (4.2196) as the state-owned BGK bank sold euros in the afternoon. The move further supported the zloty, which has gained more than 5 percentWed, 01 Feb 2012 09:43:37 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-02-01.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-31.htmlHeadlines: CE cross rates edged higher as the risk rally slowed Czechs refused to join the new fiscal pact On Monday, Central European currencies posted small losses against the euro as the risk rally slowed. However, losses were relatively modest - the Hungarian forint closed well below EUR/HUF 300 level and the EUR/PLN cross rate remains close to nearly 5 month lows as well as 200 days moving average (4.2182). Regarding the EU summit while tackling longer-term issues politicians have notTue, 31 Jan 2012 09:16:18 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-31.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-30.htmlHeadlines: CEE currencies at important crossroads Hungary tries to reach deal with IMF, Polish rate cuts have been mostly priced out CEE currencies reached important technical crossroad. EUR/CZK is not far away from psychologically important 25.00/25.015 (lows of December 2011), EUR/PLN tests 200-day moving average (4.2153) and the forint tries to stay below 300 EUR/HUF. The recent appreciation was above all driven mostly by improving sentiment on the global markets and subsequent weakening ofMon, 30 Jan 2012 09:29:05 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-30.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-27.htmlHeadlines: Market no longer bets on rate cuts in Poland in 2012 Polish economy grew by 4.3 % in 2011 Central European currencies firmed again on Thursday. The Polish zloty extended its winning streak and strengthened against the single currency in a fourth consecutive session. The zloty posted gains in 15 of 19 sessions so far this year and the EUR/PLN cross rate dipped to the strongest level in nearly 5 months. Apart from the better global sentiment, recent comments of Polish central bankersFri, 27 Jan 2012 09:57:11 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-27.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-26.htmlHeadlines: Fed’s dovish decision supports regional currencies Czechs will lend EUR 1.5bn to IMF On Wednesday, CE currencies experienced yet another calm session and were trading barely changed ahead of the Fed meeting. However, in late evening, the Fed’s announcement it anticipates very low rates through late 2014 - that is, 1.5 years beyond mid 2013, the previous conditional promise of the Fed - sparked a modest market reaction and the CE currencies posted some gains (for more on the FOMCThu, 26 Jan 2012 09:40:05 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-26.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-25.htmlHeadlines: Hungarian central bank surprises with keeping rates unchanged Forint weakens only temporarily after the announcement The Hungarian central bank surprised markets by keeping its base rate unchanged at 7.00% yesterday, while consensus expected a 50bps rate hike. The statement concludes that risk assessment of Hungarian assets depends very much on the talks with the IMF/EU team, while the fundamental outlook for inflation is rather relaxed due to the slack in the economy from weakWed, 25 Jan 2012 09:59:35 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-25.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-24.htmlHeadlines: CE currencies extend their gains MNB is expected to deliver third 50bps rate hike in row All CE currencies extended their gains at the beginning of this week as sentiment in EMU bond markets has improved further. While the EUR/PLN dipped below the 4.30 level, the vulnerable forint appeared even below the psychological EUR/HUF 300 level. Hungary will remain in focus not only because of ongoing talks with the IMF, but because of its monetary policy. The Hungarian central bank isTue, 24 Jan 2012 09:33:27 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-24.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-23.htmlHeadlines: CEE currencies posted solid gains over the recent week, risks remain at play NBH should continue to defend forint with 50 bps hike on Tuesday Although on Friday CEE currencies gave up some of the recent gains, overall the week was pretty successful. The Polish zloty strengthened by 2.1% and the Hungarian forint by 1.9%, while the Czech koruna, following on their heels, appreciated by 0.5%. The main reason was the positive development at the peripheries of the eurozone. Markets quiteMon, 23 Jan 2012 09:30:56 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-23.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-20.htmlHeadlines: Hungary and Poland easily sold short-term government papers IMF wants to see agreement between Hungary and EU first Central European forex and fixed-income markets have continued to enjoy relative positive sentiment in recent days and hours. The bullish mood was evident even in primary bond markets as both the Hungarian and Polish governments were able to easily sell T-bills (12M) and bonds (2Y) respectively. Looking at the regional forex markets it seems that the Czech korunaFri, 20 Jan 2012 09:40:11 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-20.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-19.htmlHeadlines: EUR/PLN at two-month lows Weaker koruna allows the CNB to let interest rates unchanged for a while Central European currencies took advantage of better global mood on Wednesday and posted some gains. While the EUR/CZK cross rate has barely changed thus far this year, the zloty and the forint have appreciated significantly.  The EUR/PLN currency pair even dipped to two-month lows at EUR/PLN 4.34 level. According to Reuters, recent rally in the zloty was fuelled by hedge fundsThu, 19 Jan 2012 09:26:44 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-19.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-18.htmlHeadlines: Hungary’s government open to negotiate all issues with the EU Zloty rallies on improved market sentiment and more hawkish NBP stance There was a new development on the Hungarian-EU-IMF front. After receiving EU’s request to address the Commission's legal concerns (for instance the new law on the central bank) the Hungarian government said that it is open to negotiate all issues with the EU. It specifically mentioned that amendments to the central bank law are possible, which couldWed, 18 Jan 2012 09:23:13 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-18.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-17.htmlHeadlines: NBP’s Hausner: Rate hike more probable than a cut EC set to unveil details of infringement action against Hungary The Polish zloty outperformed its peers on Monday and slightly strengthened whereas the forint and the koruna posted some losses. Jerzy Hausner, the NBP’s Monetary Policy Council member, said in the morning that the central bank should leave interest rates unchanged for some time. Moreover, he disappointed investors who bet on an interest rate increase as he said thatTue, 17 Jan 2012 09:01:40 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-17.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-16.htmlHeadlines: IMF sets preconditions even to start formal talks with Hungary CEE currencies reverse gains after series of rating cuts acrross eurozone Hungarian talks with the IMF and EU reached stalemate as international lenders seem to keep a firm stance towards Budapest. According to comments after the meeting of Tamas Fellegi, Hungarian negotiator, and Christine Lagarde, IMF chief, there are several obstacles to the deal with IMF: Christine Lagarde’s top priority is probably the assurance ofMon, 16 Jan 2012 09:33:53 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-16.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-13.htmlHeadlines: IMF considers talks with Hungary still (only) informal Polish inflation set to decelerate at the end of the last year Central European currencies appreciated solid debt sales both in the region as well as in eurozone (Italy, Spain). The Hungarian debt auction attracted sufficient demand while the yields around 9% were off the highs seen last week. But the gains of Hungarian forint were limited as the uncertainty around any deal with IMF persists. Christine Lagarde, IMF chief, saidFri, 13 Jan 2012 09:12:40 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-13.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-12.htmlHeadlines: NBP left rates unchanged at 4.5% NBP President Belka did not rule out further interventions on FX market In line with general expectations, the National Bank of Poland (NBP) decided to keep interest rates unchanged at 4.5% level. The main arguments were more or less clear in advance - on one hand, the economy is slowing, but on the other, weaker zloty fuels inflation which remains far above the target - and the NBP president Marek Belka reiterated these at the press conference. HeThu, 12 Jan 2012 09:01:56 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-12.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-11.htmlHeadlines: While Hungary’s delegation meets the IMF, the government is ready to change legislation NBP will keep rates unchanged at 4.5% The Hungarian forint continued to recoup its previous losses as the market welcomed some softening of the government position ahead of the crucial talks with the IMF and EU officials. Recall that Hungary’s Foreign Minister János Martonyi sent a letter to his peers in 26 EU member states and the European Commission, which indicates that the government could beWed, 11 Jan 2012 09:30:30 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-11.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-10.htmlHeadlines: Hungary’s 10Y bond yields back below 10% Hungary’s budget deficit probably below 3% of GDP in 2011 On Monday, Central European currencies posted small gains as they took advantage of a slightly stronger common currency. Apart from that, a positive mood related to upcoming Hungary and IMF/EU talks supported regional assets in general and Hungarian bonds in particular (see the chart). Both IMF and EU criticized especially new laws which might curb the central bank’s independence. ATue, 10 Jan 2012 09:41:18 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-10.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-09.htmlHeadlines: Fitch downgrades Hungary to junk CNB governer rules out bond buying Fitch downgraded Hungary to junk on Friday (by one notch to BB+). The primary reason was set of unorthodox policies, which complicates the deal with IMF/EU and undermines the confidence in the ability to repay its foreign commitments. We believe finally the Hungarian government should start to cooperate with IMF/EU, but the agreement on new Flexible credit line (FCL) is not going to be easy to find despite the factMon, 09 Jan 2012 10:04:12 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-09.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-06.htmlHeadlines: Forint erases some losses as Hungary promises quick IMF Deal Czech industrial production posted surprisingly strong gain In November The Hungarian forint recouped part of its losses as comments from Hungarian government officials brought some hope that a deal on a new IMF loan could be reached soon. Recall that minister without portfolio Tamás Fellegi, who is to head Hungary’s delegation at the talks, said the government’s was ready to conclude an agreement as quickly as possible.Fri, 06 Jan 2012 09:52:07 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-06.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-05.htmlHeadlines: Hungary’s assets under pressure; EUR/HUF above 320, 10Y bond yields at 10.8% Czech FinMin successfully sold 8 bln. CZK in 3Y bonds On Wednesday, Hungarian assets remained broadly under pressure. Jitters surrounding IMF/EU talks undermined both the forint which breached EUR/HUF 320 level and government bonds – 10Y yields soared to almost 10.8% and persuaded the Ministry of Finance to scrap planned auction. According to recent comments of Hungary’s official Janos Lazar, the countryThu, 05 Jan 2012 09:54:45 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-05.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-04.htmlHeadlines: Hungarian government denies to use FX reserves to boost growth Czech public finance faces weak economy in 2012 Hungarian assets came under pressure as markets remain worried about further external financing after recent legislative steps. Especially, the new law on the Central Bank raises concern about its independence and the European Commission confirmed yesterday that it was not ready to renew talks with Hungarian Government, until it accepts its points. As a result the HungarianWed, 04 Jan 2012 09:31:33 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-04.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-03.htmlHeadlines: Controversial measures of Hungary’s government weigh on bonds The Czech koruna might weaken to EUR/CZK 26.0 by the end of the quarter Regional currencies more or less maintained a trading pattern from the end of previous year in the first session of 2012, i.e. whereas the Hungarian forint remained under pressure stemming from controversial new constitution, the Czech koruna posted little gains and the zloty small losses. Regarding the situation in Hungary, despite being warned byTue, 03 Jan 2012 09:19:21 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2012-01-03.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-16.htmlHeadlines: CEE currencies recover on risk appetite revival Hungary agrees with banks on FX loans CEE markets were bullish yesterday as global risk appetite shows signs of revival on the back of weaker dollar and higher equities. The forint and the zloty were hand-in-hands in approaching key levels and they are now just a tad above the barriers at 300 and 4.50, respectively. Relatively good demand at Hungary’s bond auction also showed better sentiment among investors. Hungary’s governmentFri, 16 Dec 2011 09:57:38 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-16.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-15.htmlHeadlines: Forint only little changed despite ongoing talk about EUR 20bn loan from the IMF Czech PPI surprised on the upside On Wednesday, the CE currencies experienced another calm trading although global risk appetite further deteriorated. The Hungarian forint posted small losses although PM’s chief of staff Varga said that the country might receive funds of 15 – 20 bln EUR from the IMF in order to be able to repay the first bailout package received back in 2008. According to Varga, theThu, 15 Dec 2011 09:49:52 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-15.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-14.htmlHeadlines: Hungary eyes €15-20 bn loan from IMF As Polish inflation surged to 4.8 % Y/Y, zloty hits 32-month lows CE have decoupled slightly in recent hours as the forint is supported by indications that Hungary is considering to take a huge loan from the IMF (€15- 20 bn 3-4 years) , while the Polish zloty hit the lowest level since the mid of 2009. So, the EUR/PLN pair has already been trading below the 4.60, which means significantly above the level, where the Polish authorities intervenedWed, 14 Dec 2011 09:51:28 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-14.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-13.htmlHeadlines: Polish inflation might threaten NBP’s target in November Czech FinMin released a new debt financing strategy for 2012 On Monday, the Central European currencies posted some losses as global risk appetite decreased. During yesterday’s session, the Czech koruna had to digest several comments by central bank (CNB) officials. The CNB governor Singer, vicegovernor Tomšík and board member Řežábek all basically expressed their satisfaction with current level of interest rates. GovernorTue, 13 Dec 2011 09:23:51 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-13.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-12.htmlHeadlines: Polish central bank will announce the banking stress tests results Czech Finance ministry is about to introduce debt management strategy Wave of optimism stemming from EU summit failed to help the zloty and the koruna significantly. The koruna could have been hit by surprising decline in Czech GDP for the 3rd quarter, which dropped on weak consumption and investments. Given deteriorating outlook for external environment and planned austerity measures for 2012, the prospects for theMon, 12 Dec 2011 09:17:00 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-12.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-09.htmlHeadlines: CEE economies slowing down gradually Risk aversion returns after the ECB press conference CEE markets were generally disappointed after the ECB did not announce any sizeable target for buying eurozone bonds. Currencies weakened and yields rose accross the region and as usual, the forint was the victim of this again. The EUR/HUF pair dropped from 300/€ to 308/€ by this morning and yields rose about 20-25bps accross the curve, which means that the long-end got close to 9.00%. ThirdFri, 09 Dec 2011 09:19:38 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-09.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-08.htmlHeadlines: NBP leave rates unchanged and promises more FX interventions, if needed Fitch watches Hungary’s talks with IMF to re-asses country’s rating Forex and fixed income markets in Cenral Europe were trading basically sideways yesterday as worse-than-expected macro figures and the NBP meeting failed to bring a significant markets action. The same can be actually said about a comment from Fitch rating agency, which said it was unlikely to change Hungary's rating (BBB) until it has moreThu, 08 Dec 2011 10:05:47 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-08.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-07.htmlHeadlines: Poland’s PM confirms the budget deficit in 2012 below 3% of GDP The NBP will leave rates unchanged Central European currencies closed only little changed on Tuesday. The EUR/CZK pair edged higher and more or less ignored slightly hawkish comments of Czech central bankers. Apart from that, Poland’s Ministry of Finance unveiled updated fiscal strategy for years ahead. Poland’s Prime Minister Tusk confirmed he wants to have 2012 deficit budget below 3% of GDP which seems quiteWed, 07 Dec 2011 09:57:42 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-07.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-06.htmlHeadlines: CNB turns to more hawkish tone EUR/HUF pair is hovering back at 300 level On Monday, the Central European currencies gained support from the better mood and posted solid gains. The forint led gains and after more than a month even dipped below EUR/HUF 300 level. The zloty, which has been underperforming its peers so far this year, also posted solid gains and the koruna was in the late afternoon trading in sight of 25.20 EUR/CZK. Interestingly, it seems that Czech central bankersTue, 06 Dec 2011 09:38:30 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-06.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-05.htmlHeadlines: CEE currencies rebound on positive euro-crisis anticipation Polish NBP sets to stay on hold CEE currencies posted solid gains over the week. The hopes ahead of ECB meeting and EU summit (scheduled for the end of this week) played in favour of risky assets. The Hungarian forint gained nearly 3%, the Czech koruna over 2% and the zloty over 1%. Nevertheless the relief could easily turn back to despair, if this weeks summit disappoints. Beside euro-crisis watch, there are someMon, 05 Dec 2011 09:56:43 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-05.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-02.htmlHeadlines: CEE markets awaiting for news about the eurozone Hungary’s PM expects another attack on the currency mid-December CEE markets were generally calm yesterday and awaiting for today’s US job report. Stable prices yesterday is a generally good sign in our view as currencies rallied sharply before on Wednesday and they were able to maintain their strength on the next day. Situation in Hungary is by far the most exiting and the government still seems to try to support the economic growthFri, 02 Dec 2011 09:44:08 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-daily/2011-12-02.html