The calming down of the political uncertainty in Poland helped the zloty which was followed by the forint in the morning. According the flash estimate the GDP growth in Q4 2005 lagged behind the market consensus but the forint didn’t take it into account. Today the calendar is empty and the market will wait for Thursday’s news. In our opinion the mood should not change and the forint will remain in the thin range 250.20-250.80 EUR/HUF.
The data on inflation There was little for bond traders to look forward to as far as domestic indicators were concerned on Tuesday, with the first batch of relevant eco data, including the CPI and wage figures, to be released today.
(CSOB - Investment research)