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CEE MARKETS-Currencies mixed as focus turns to Czech c.bank


CEE MARKETS-Currencies mixed as focus turns to Czech c.bank
Reuters
2 hrs ago
May 6 (Reuters) - Central European currencies were mixed on Thursday, ahead of a Czech rate setting meeting in which the central bank is expected to keep borrowing costs stable, but which could provide hints at possible pace of policy tightening. Central European rate-setters are facing rising inflation, but look set to keep rates low for the time being to help their economies recover from the effects of the coronavirus. On Wednesday the Polish central bank kept its main interest rate at an all-time low of 0.1% despite saying that it sees above-target inflation in the coming months. The Czech central bank was also due to present its quarterly update to its macroeconomic outlook on Thursday. Earlier remarks by the central bankers suggested that the unfavorable epidemics development pushed the central bank towards lower outlook for the domestic economy, Raiffeisenbank said in a no ....

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