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                * The tension of world trade gives a moderately negative mood
* Polish industrial production, PPI increase briefly helps zloty
* Out of 9 months under but close to the bank meeting

By sandor peto
BUDAPEST, May 22 (Reuters) - The main ones in Central Europe
The currencies declined slightly on Wednesday due to the tensions of world trade.
despite the appetite for risk, although a jump in Polish industry
The exit gave the zloty a brief respite.
Assets in the region were largely framed as emerging
The markets moved in line with the neighboring euro zone,
With the forint and the zloty easing.
slightly against the euro at 0856 GMT.
The zloty regained some ground after the April data
showed a robust annual increase of 9.2 percent in the Polish industry
Production and a slight unexpected spike in producer prices.

The data published in recent weeks indicate that the robust economic
Growth continues, but central banks show no signs that they will.
Increase interest rates to combat accelerated inflation.
There is no need to change the Polish interest rates in 2019,
But you can not rule out an increase in 2020, the Polish Rafal
Sura said after the figures on Wednesday.
"For those members of the Council (Monetary Policy) who are
worried about the acceleration of inflation ... the very good data on
Industrial production will be an impulse to think about the rate.
rise, "said Monika Kurtek, chief economist at Bank Pocztowy.
"However, it is unlikely that there will be a majority in
The Council that would vote in favor of such proposal, "she
additional.
Polish public debt yields, instead of rising after the
Strong figures followed a slight drop in the Bunds.
While Poland's inflation worked well within the central bank
Target range of 1.5-3.5% in April, Hungary's 3.9% figure was close
the upper part of the range of 2-4% of the National Bank of Hungary.
The forint weakened to 9-month lows against the euro in the
few sessions passed since the bank is not expected to adjust the policy
at its meeting on May 28, or possibly at its June meeting,
The market participants have said.
The resistance at 327.6 against the euro gave relief to the
currency, which may be temporary.
"Given the fundamentals, with strong growth and rise.
Inflation, with a neutral or slightly negative global backdrop,
the forint is where it should be, "a distributor based in Budapest
He said.
"This is not a defined mood of risk, I would prefer to say
investors handle emerging market assets cautiously. Because I should
Do they buy the forint now? ... while they have no reason for a
strong massive sale, "added the distributor.

CEE SNAPSHOT EN
MARKETS 1056 CET
CURRENCI
IS
Last previous daily change
offer closed change in 2019
Czech                                             
 Hungary                                           
 Polish                                            
 Romanian                                          
 Croatian                                          
 Serbian                                           
 Note: calculated from 1800 CET
daily
change

Last previous daily change
close change in 2019
Prague 1043.51 1048.330 -0.46% + 5.77%
0
Budapest 39961.42 39575.98 + 0.97% + 2.10%
Warsaw 2189.70 2190.93 -0.06% -3.82%
Bucharest 8104.48 8152.63 -0.59% + 9.76%
Ljubljana  <.SBITOP    859.50    859.62    -0.01%    +6.87%
            >                                       
 Zagreb 1858.38 1858.22 + 0.01% + 6.27%
Belgrade   <.BELEX1    730.73    733.09    -0.32%    -4.06%
            5>                                      
 Sofia 571.31 568.83 + 0.44% -3.89%
CAPTIVITY
Performance Daily Performance
(offer) change vs change Bund
in
Czech extension
Republic
2 years                                         
   5 years                                         
   10 years                                       
 Poland
2 years                                         
   5 years                                         
   10 years                                       
            FORWARD RATE AGREEMENT
T
3x6 6x9 9x12 3M
interbank
k
Czech Republic 2.22 2.20 2.16 2.20
                                                   
 Hungary 0.40 0.58 0.76 0.00

Poland 1.74 1.75 1.76 1.72

Note: FRA are for prices.
quotes
*******************************************
*************


(Additional report from the Warsaw newsroom; Edited by Alexander
Blacksmith)
  
 
 
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