|2022/12/19 / Erste Group Research|
This week, the Czech and Hungarian central banks will hold their rate setting meetings. In both countries, we expect the main interest rates to remain unchanged. In Czechia, several board members, including the governor, have confirmed that they see the current level of rates as high enough to curb inflation. Although the dispute over the rule of law and access to EU funds by Hungary seems to be moving in the right direction, the forint still needs to prove its resilience before the one-day deposit rate and key policy rate can be merged.
|Author||Erste Group Research|
|Topic in focus||FX, Macro/ Fixed income|
|Economy in focus||CEE, Czech Republic, Hungary, Slovakia|
|Currency in focus||Czech Koruna, Euro, Hungarian Forint|
|Sector in focus||-|
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