日本語
Español
中文
- New York 14:41
- London 19:41
- Barcelona 20:41
- Tokyo 04:41
- Sydney 06:41
Central European Weekly
0
0
The Czech koruna fights back
Mon, Sep 15 2008, 12:10 GMT
by KBC Market Research Desk
Czech Republic
The Czech koruna fights back
Hungary
Former coalition party Free Democrats quickly rejected the idea of early elections
Poland
Euro in 2011? We don’t think so…but the clock has started ticking...
Slovakia
Inflation hits a two-year high
The Week Ahead
Polish macro figures in focus
Overview
Poland’s euro decision to raise pressure on countries in the region?
Polish politics has stirred up Central European markets again – this time in a positive way – as the Polish PM surprised markets with the view that the country was going to introduce the euro as soon as possible; even within the unrealistically set deadline of 2011.
Naturally, the acceleration of Poland’s accession to the Eurozone may also influence other Central European countries. If the largest country of the region were about to join the eurozone soon, it would step up the psychological pressure on the elected representatives of the Czech Republic and Hungary for their economies to adopt the euro soon, as well. The public as well as businesses in those countries may not like the fact that they remain ‘noneuro’ islands inside Europe, as this involves relatively higher transaction costs for both these groups. In addition, the Czech Republic and Hungary would run the risk of Slovakia and Poland gaining a comparative advantage in attracting direct investments, by having introduced the euro earlier.
Could the setting of the official deadline for the euro introduction in Poland change anything about the Czech and Hungarian euro-strategies anytime soon?
As far as the Czech Republic is concerned, we are somewhat sceptical as the country lacks a political consensus for a quick decision to set a binding deadline for euro introduction. Hungary’s position is somewhat different. The country has the political will to introduce the euro, but its economic fundamentals are not up to it at the moment. Hungary will be able to comply with the Maastricht criteria, with the exception of public debt, in late 2009.
Published on Mon, Sep 15 2008, 12:16 GMT
Archive
- Polish central bank shifts to a neutral mode
Published On Mon, Nov 2 2009, 12:50 GMT - Surprisingly strong industrial output helps the zloty
Published On Mon, Oct 26 2009, 13:41 GMT - EUR/PLN still hovers around the 4.2 figure
Published On Mon, Oct 19 2009, 10:39 GMT - Hungarian and Polish inflation figures in the spotlight
Published On Mon, Oct 12 2009, 12:58 GMT - Central Bank is slowly getting out of the dovish mode
Published On Mon, Oct 5 2009, 12:16 GMT
KBC Bank
| Havenlaan 12, 1080 Brussels
http://www.kbc.be/dealingroom | piet.lammens@kbc.be
Legal disclaimer and risk disclosure
This non-exhaustive information is based on short-term forecasts for expected developments on the financial markets. KBC Bank cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct or consequential loss arising from any use of this document or its content. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. Although information has been obtained from and is based upon sources KBC believes to be reliable, KBC does not guarantee the accuracy of this information, which may be incomplete or condensed. All opinions and estimates constitute a KBC judgment as of the data of the report and are subject to change without notice.Related reports
Czech: CNB stays on hold despite dovish signal from its new forecast by KBC Bank
Fri, Nov 6 2009, 11:08 GMT
Central European Daily - CNB Bank Board narrowly voted for stable rates by KBC Bank
Fri, Nov 6 2009, 09:30 GMT
EMEA Daily - Estonian inflation is expected decline further in October by Danske Bank A/S
Fri, Nov 6 2009, 06:15 GMT
Czech Republic: Czech central bank keeps interest rates on hold by Danske Bank A/S
Thu, Nov 5 2009, 15:02 GMT
Hungary: Monthly Macroeconomic Forecast by Erste Bank der oesterreichischen Sparkassen AG
Thu, Nov 5 2009, 13:42 GMT
slovakia, hungary, czechrepublic, poland
View AllRelated content
DATA SNAP: Hungary October Budget Surplus HUF11.5 Bln
Dow Jones | Thu, Nov 5 2009, 16:03 GMT
UPDATE: Poland May Meet EU Inflation Criterion Mid-2010
Dow Jones | Thu, Nov 5 2009, 13:14 GMT
Poland May Meet EU Inflation Criterion Mid-'10 - Central Bank Executive
Dow Jones | Thu, Nov 5 2009, 12:39 GMT
Czech Ctrl Bk Leaves Interest Rates Unchanged As Expected
Dow Jones | Thu, Nov 5 2009, 12:15 GMT
Hungary Budget Surplus In October -Fin Min
Dow Jones | Thu, Nov 5 2009, 09:33 GMT
slovakia, hungary, czechrepublic, poland
View AllInterested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.