PRAGUE, June 17 (Reuters) – The Polish zloty rose from a 12-week low to rebound the most among Central European currencies on Friday, while the Czech koruna clung inside its recent narrow range.

Stocks were mixed and the Hungarian forint rose as markets stabilized somewhat after assets in the region came under pressure amid a global pullback from riskier assets this week.

The zloty EURPLN=, with local markets returning to action after a bank holiday Thursday, strengthened 0.7% to 4.697 per euro at 09:52 GMT. Warsaw shares caught up to their peers after the one-day break and fell as much as 2% before stabilizing at 0.5% by midday.

Analysts, however, doubted the zloty would sustain its gains amid deteriorating investor sentiment, with major central banks led by the US Federal Reserve tightening monetary policy. Fears of a recession grew as the Fed cut its economic growth forecast, putting pressure on emerging assets in Central Europe.

“An attempt to strengthen the Polish currency, apart from an increase in risk appetite – which we are not currently counting on – would, in our view, require signals from the Monetary Policy Council on the willingness of new solid interest rate hikes,” Millenium said. said the bank.

Remarks by National Bank of Poland Governor Adam Glapinski last week that the bank was near the end of its tightening cycle put pressure on the zloty.

In Hungary, the central bank unexpectedly raised its one-week deposit rate on Thursday, offering a 50 basis point increase.

the forint EURHUF= edged up 0.3% on Friday to 398.60 per euro, but remained stuck just past recent all-time lows.

The crown EURCZK= firmed 0.2% to 24.701 per euro as markets look to a Czech central bank meeting next week. Investors expect another big rate hike, possibly 100 basis points depending on market prices, as the board meets under its current composition for the time being.

From July, current board member Ales Michl, who opposed rate hikes, will take over as governor. His appointment in May hit the crown amid expectations of a dovish turn by the bank, forcing the central bank to step in to boost the currency.

Comments from Governor Jiri Rusnok and another central bank policymaker showed the bank is ready to act, and the krone is in a range of around 24.70 to the euro.

Societe Generale analysts, using central bank balance sheet data, estimated that the bank may have sold up to 5 billion euros ($5.26 billion), or about 3% of its huge international reserves. , since last month to defend the crown.

CEE MARKETS

INSTANTANEOUS

At 11:52 a.m. CET

CURRENCIES

Last

Previous

Daily

To change

offer

close

change

in 2022

EURCZK=

Czech koruna

EURCZK=

24.7010

24.7410

+0.16%

+0.69%

EURHUF=

Hungarian forint

EURHUF=

398.6000

399.7000

+0.28%

-7.33%

EURPLN=

polish zloty

EURPLN=

4.6970

4.7315

+0.73%

-2.26%

EURRON=

lei in Romanian

EURRON=

4.9478

4.9460

-0.04%

+0.01%

EURHRK=

Croatian kuna

EURHRK=

7.5200

7.5245

+0.06%

-0.03%

EURRSD=

Serbian dinar

EURRSD=

117.3700

117.4300

+0.05%

+0.18%

Note: daily change

calculated from

1800 CET

Last

Previous

Daily

To change

close

change

in 2022

.PX

prague

.PX

1292.71

1286.5500

+0.48%

#ASSESS!

.BUX

Budapest

.BUX

39028.05

39224.77

-0.50%

-23.05%

.WIG20

Warsaw

.WIG20

1697.82

1707.11

-0.54%

-25.10%

.BETI

Bucharest

.BETI

12147.53

12065.95

+0.68%

-7.00%

.SBITOP

Ljubljana

.SBITOP

1149.62

1152.30

-0.23%

-8.43%

.CRBEX

Zagreb

.CRBEX

2006.84

2037.66

-1.51%

-3.49%

.BELEX15

Belgrade

.BELEX15

821.28

820.39

+0.11%

+0.06%

.SOFIX

Sofia

.SOFIX

611.97

611.73

+0.04%

-3.73%

Yield

Yield

Spread

Daily

(offer)

change

vs. Bunds

to change

Czech Republic

spread

CZ2YT=RR

2 years

CZ2YT=RR

6.5640

-0.1140

+549bps

-5bps

CZ5YT=RR

5 years

CZ5YT=RR

6.1130

-0.0770

+468bps

+2 base points

CZ10YT=RR

10 years

CZ10YT=RR

5.7480

-0.2020

+411 basis points

-15bps

Poland

PL2YT=RR

2 years

PL2YT=RR

7.8710

-0.0140

+679 basis points

+5 base points

PL5YT=RR

5 years

PL5YT=RR

8.1680

0.0660

+674 basis points

+16 basis points

PL10YT=RR

10 years

PL10YT=RR

7.9100

0.0070

+627 basis points

+6 basis points

FORWARD

3×6

6×9

9×12

3M interbank

Czech Republic

CZKFRAPRIBOUR=

7.66

7.83

7.76

6.52

Hungary

OYSTERBUBOR=

9.47

9.75

9.93

7.60

Poland

PLNFRAWIBOR=

8.26

8.41

8.38

6.84

Note: ENG Quotes

are for asking prices

************************************************** **** ***********

($1 = 0.9508 euros)

(Reporting by Jason Hovet in Prague, Gergely Szakacs in Budapest and Anna Koper in Warsaw Editing by Tomasz Janowski)

((jason.hovet@thomsonreuters.com))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.