Ousted president Yanukovich fled from Kiev
Impact of Ukraine’s turmoil on CE remains limited
On Friday, the forint and the zloty strengthened. Bets on resolution of Ukraine’s political turmoil might have supported regional currencies, but, in general, last week´s events showed that the Central European economies have been resilient to contagion from Ukraine. Thus, in case of the forint, correction of losses posted after a larger than expected rate cut may also have played an important role.
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KBC