EMEA Weekly: Focus Turns To Central Banks

Published 06/20/2014, 03:40 AM
Updated 05/14/2017, 06:45 AM

Decision time for Belka as well

The EMEA markets will be focused on central banks in the coming week, with the Hungarian, Czech and Turkish central banks announcing rate decisions. We expect the Hungarian and Turkish central banks to cut - Turkey by 50bp and Hungary by 10bp - but expect the Czech central bank to stay on hold and maintain both the key policy rate at a technical zero of 0.05% and its exchange rate commitment. Furthermore, in Poland we expect the scandal involving Polish central bank governor Marek Belka to continue as further investigation is set to take place.

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