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CEE MARKETS-Currencies in holding pattern before U.S. inflation data

    PRAGUE, Sept 14 (Reuters) - Central European currencies were
caught in a holding pattern on Tuesday as global markets awaited
key U.S. inflation data, with the Hungarian forint and Czech
crown retaining recent gains.
    Hungary's central bank said on Monday it would scrap its
swap tender providing forint liquidity and hold an additional
tender to provide euro liquidity to the banking system on
Wednesday, giving the forint a boost.
    The forint mostly held onto those gains on
Tuesday, sticking on the strong side of the psychological 350
per euro level. It traded at 349.60, up 0.2%, at 0836 GMT.
    The forint and crown have outpaced gains by peers in central
Europe so far this year, with their respective central banks
both in policy tightening mode since June.
    In the Czech Republic, market speculation has shifted to
whether the central bank may opt for a steeper 50 basis point
rate hike when it next meets at the end of September. The
central bank has so far delivered two 25 basis point hikes.
    On Tuesday, Czech central banker Vojtech Benda, who has
backed a heftier 50 basis point hike at the last two meetings, 
told Czech Radio his position had not softened, with data last
week showing inflation had hit a 13-year high.
    The crown inched down 0.1% to 25.38 to the euro
and was off a three-month high hit last week after the latest
inflation data.
    In Poland, the zloty also dipped 0.1%, with little
impulse. It has lost 0.7% this month.
    "Investors' attention will focus on the U.S. inflation
reading, which is likely to confirm continued high price
pressures, although this should not advance the timing of the
Fed's monetary policy normalisation," Bank Millennium said.
    "Space for further weakening of the zloty is small."
    Elsewhere, stock markets were mixed, with Budapest
and Warsaw softening.
    Prague was held higher by gains for utility CEZ
 and MONETA Money Bank and Komercni Banka
 after the latter two got regulator clearance to pay a
scaled-back dividend.
    
                   CEE      SNAPSHO   AT                      
                   MARKETS  T        1036              
                                     CET               
                                                              
                   CURRENC                                    
                   IES                                 
                            Latest   Previou  Daily    Change
                                     s                 
                            bid      close    change   in 2021
 EURCZK  Czech     <EURCZK  25.3800  25.3530   -0.11%   +3.35%
 =       crown     =>                                  
 EURHUF  Hungary   <EURHUF  349.600  350.210   +0.17%   +3.75%
 =       forint    =>             0        0           
 EURPLN  Polish    <EURPLN   4.5555   4.5503   -0.12%   +0.08%
 =       zloty     =>                                  
 EURRON  Romanian  <EURRON   4.9495   4.9485   -0.02%   -1.71%
 =       leu       =>                                  
 EURHRK  Croatian  <EURHRK   7.4735   7.4763   +0.04%   +0.99%
 =       kuna      =>                                  
 EURRSD  Serbian   <EURRSD  117.480  117.580   +0.09%   +0.08%
 =       dinar     =>             0        0           
         Note:     calcula                    1800            
         daily     ted                        CET      
         change    from STOCKS                                     
                            Latest   Previou  Daily    Change
                                     s                 
                                     close    change   in 2021
 .PX     Prague             1292.65  1288.89   +0.29%   +25.85
                                          00                 %
 .BUX    Budapest           52789.4  52922.7   -0.25%   +25.37
                                  7        2                 %
 .WIG20  Warsaw    <.WIG20  2363.96  2387.74   -1.00%   +19.15
                   >                                         %
 .BETI   Buchares           12294.3  12327.5   -0.27%   +25.38
         t                        4        8                 %
 .SBITO  Ljubljan  <.SBITO  1180.11  1178.66   +0.12%   +31.00
 P       a         P>                                        %
 .CRBEX  Zagreb    <.CRBEX  1967.69  1968.71   -0.05%   +13.13
                   >                                         %
 .BELEX  Belgrade  <.BELEX   805.44   808.25   -0.35%   +7.59%
 15                15>                                 
 .SOFIX  Sofia     <.SOFIX   565.77   565.83   -0.01%   +26.42
                   >                                         %
                                                              
                   BONDS                                      
                            Yield    Yield    Spread   Daily
                            (bid)    change   vs Bund  change
                                                       in
         Czech                                         spread
         Republic                                      
 CZ2YT=    2-year  <CZ2YT=   1.8670   0.0020   +257bp    +0bps
 RR                RR>                              s  
 CZ5YT=    5-year  <CZ5YT=   1.9910   0.1080   +262bp   +10bps
 RR                RR>                              s  
 CZ10YT            <CZ10YT   2.0030   0.0540   +232bp    +4bps
 =RR     10-year   =RR>                             s  
         Poland                                               
 PL2YT=    2-year  <PL2YT=   0.5240  -0.0660   +122bp    -7bps
 RR                RR>                              s  
 PL5YT=    5-year  <PL5YT=   1.4860   0.0240   +212bp    +1bps
 RR                RR>                              s  
 PL10YT            <PL10YT   2.0200   0.0000   +233bp    -2bps
 =RR     10-year   =RR>                             s  
                                                              
                   FRA                                        
                            3x6      6x9      9x12     3M
                                                       interba
                                                       nk
         Czech     <CZKFRA     1.98     2.55     2.76     1.09
         Rep       ><PRIBO                             
                   R=>                                 
         Hungary   <HUFFRA     2.17     2.33     2.44     1.58
                   ><BUBOR                             
                   =>                                  
         Poland    <PLNFRA     0.44     0.69     0.91     0.24
                   ><WIBOR                             
                   =>                                  
         Note: FRA quotes                                     
         are for ask                                   
         prices                                        
         ***********************************                  
         ***************************                   
                                                              
 
    

 (Reporting by Jason Hovet in Prague, Alicja Ptak in Warsaw and
Gergely Szakacs in Budapest; Editing by Alexander Smith 
)
  
 
 
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