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5 个月前
CEE MARKETS-Markets calm ahead of expected U.S. rate hike, Dutch vote
2017年3月15日 / 下午5点30分 / 5 个月前

CEE MARKETS-Markets calm ahead of expected U.S. rate hike, Dutch vote

    * Forint, leu, zloty, crown, dinar steady
    * Activity low as traders await Fed, result of Dutch vote
    * Poland's PZU up after better than expected results

    WARSAW, March 15 (Reuters) - Central European currencies
held steady on Wednesday ahead of an expected U.S. Federal
Reserve interest rate hike which could weigh on the
attractiveness of regional assets, analysts said.
    "We are waiting for the evening, when the Fed will most
likely raise rates," said Mateusz Sutowicz, analyst at the
Warsaw-based Bank Millennium.
    With futures pricing in more than a 90 percent chance the
Federal Reserve would hike its rates, investors are also focused
on the pace of increases for the rest of the year.
    Sutowicz said signals the Fed would be willing to raise
rates beyond a scenario of about three hikes this year could
weigh on the zloty, reducing its relative attractiveness.
    Investors are also watching results in the Dutch
parliamentary election, the first of three polls in the European
Union this year where nationalist parties are seeking
breakthroughs.
    By 1326 GMT the zloty was flat versus the euro,
with other regional currencies little changed. Hungary's forint
 strengthened by 0.1 percent.
    Polish rates have remained unchanged at a record low of 1.50
percent since March 2015 and the central bank governor said last
week there were no reason to change them this year.
    Polish core inflation excluding food and energy prices
accelerated to a lower-than-expected 0.3 percent last month,
data from the central bank showed.
    Central and eastern Europe's largest insurer, the Polish PZU
, posted better than expected profit for 2016 and
signalled it will pay out significantly more than half of it in
the form of dividend. 
    In Hungary, minutes from the February meeting showed central
bank rate-setters voted unanimously to keep the base rate on
hold, saying they would focus attention on the expected policy
divergence between leading global central banks.

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