CEE Bond Markets Outlook

16 Aprilie 2010

RAIFFEISEN BANK S.A.

 

Highlights

• Poland – With the FX intervention on Friday, the central bank demonstrated its strong commitment to take action against rapid appreciation of the zloty.
• Hungary – The opposition centre-right Fidesz won the general elections (11 April), taking 52.7% of the votes (on the party list). Fidesz will form the next Hungarian government alone, with Viktor Orbán as the new PM.
• Czech Republic –The governor of the CNB, Zdenek Tuma, unexpectedly announced that he will resign on 30 June 2010. The CNB is a stable and well functioning institution and the resignation of the governor does not imply any significant instability.

 

Local currency bonds

Market overview

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The tricky lag LUCIAN CROITORU Adviser to the Governor - BANCA NAŢIONALĂ A ROMÂNIEI Lucian Croitoru, Adviser on monetary policy issues to the National Bank of Romania Governor, talks about the NBR’s next moves and explains why the decrease ofthe policy rate hasn’t been reflected into lower interest rates on bank loans. mai mult... The turnaround CRISTIAN SPORIS Secretar de Stat - MINISTERUL ECONOMIEI ŞI FINANŢELOR Cristian Sporis, Secretary of State at the Ministry of Public Finance, in charge with the national treasury and public debt, explains how the state managed to borrow money at the lowest costs in the last seven years and how it turned from a clear market taker into a player with a strong position on the market. mai mult...