CEE MARKETS-Zloty stops growth, markets follow the decision of the Supreme Court on foreign currency loans

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Anita Komuves BUDAPEST, September 2 (Reuters) – Central European currencies were largely stable on Thursday, with the Polish zloty stalling in the past two sessions as investors watched the Supreme Court for a long-awaited foreign exchange ruling. loans later in the day. The decision of the Supreme Court could clarify how the holders of mortgage loans in Swiss francs should settle accounts with the banks after the decision to terminate the loan agreement. The decision may determine the size of the banks’ losses on these loans. The Polish zloty was unchanged, stalling steady gains from the previous two sessions following a spike in inflation data that fueled expectations for a tightening of policy later this year. The Czech crown gained 0.1% at 25.334 against the single currency. The Hungarian forint rose 0.09% to 347.5 per euro, trading in a recent range of 347 to 350. Hungary’s government bond yields were stable after rising 7-8 basis points at the long end of the curve on Wednesday, as they tracked yields. major securities, followed by hawkish comments from the European Central Bank, said a fixed-income trader. Eurozone government bond yields hit their highest level in about six weeks on Wednesday, boosted by hawkish rhetoric from politicians that raised concerns about the future pace of ECB bond purchases. Longer-term government bond yields in Hungary rose about 10 basis points last week after sales of government bonds were cut in the first auction after Hungary’s central bank said it would begin to phase out its purchases, which worried investors. Stocks in the region were mixed, with Prague up 0.24% and Budapest down 0.53%. Warsaw shares fell 0.06%, while Bucharest fell 0.03%. CEE SNAPSHO IN MARKETS T 1026 CET CURRENC IES Last previous change in daily rate Change in closing price in 2021 EURCZK = Czech EURHUF = Hungary 0 EURPLN = Polish EURRON = Romania EURHRK = Croatia EURRSD = Serbian 0 close change in 2021 .PX Prague 1293, 38 1290.250 + 0.24% + 25.92 0% BUX Budapes 51672.8 51946.96 -0.53% +22.72 t 7% WIG20 Warsaw 2369.62 2371.16 -0.06% + 19.44% BETI Buchare 12298.8 12302.26 -0.03% + 25.03% st 3% SBITOP Ljublja <.SBITOP 1196.86 1195.09 + 0.15% +32.86 na>% .CRBEX Zagreb 1971.40 1967.92 + 0.18% + 13.35% .BELEX1 Belgrade <.BELEX1 802.58 804.83 -0.28% + 7.21% 5 e 5> .SOFIX 5 e 5>. Sofia 564.93 565.11 -0.03% + 26.23% Daily change in yield (bid) spread compared to Bund change in Czech spread Republic C CZ2YT = R s CZ5YT = R s CZ10YT = s Poland PL2YT = R s PL5YT = R s PL10YT = s FORWARD 3×6 6×9 9×12 3M interba nk Czech Republic 1.65 2.07 2.22 0.99 Republic of Hungary 2.11 2.25 2.32 1.60 Poland 0.48 0.75 0, 98 0.23 Note. **************************************** ******** ******** (Additional reporting by Alan Charlisch in Warsaw; Edited by Rashmi Aych)

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