Forint firms to a 9-month high
Czech inflation remains low
A stronger than expected industrial output growth together with a successful auction of 3-month treasury bills supported the Hungarian forint, which surged to a nine-month high. Yesterday´s auction attracted robust demand. The debt agency of the Hungarian government sold 3-month bills worth of 90 bn. HUF, 50 % more than it had planned, with the average yield of 2.68 % (i.e. 5 bps below the last week´s average yield). Regarding other CEE markets, yesterday’s session was calm. The zloty as well as the koruna fluctuated in a narrow range close to their current levels.
Read the full report: FX Daily
KBC