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Hungarian Election Campaigns Enter Final Stretch

CEE
  • S&P are due to publish their review on the Polish credit rating after the close today. S&P currently rate Poland at A-, while Moody’s and Fitch hold an A2 and A- rating respectively.
  • Polish CPI data due in just under 10 minutes time is expected to show M/M CPI at 2.5%, with Y/Y at 9.8%.
  • CNB’s Mora on the wires this morning stressed that there is “no ceiling” for Czech interest rates, reiterating the sentiment seen from CNB’s Rusnok following yesterday’s rate hike. Mora added that the bank will gauge any further potential hikes on the next round of quarterly forecasting due in May.
  • Hungarian campaigning enters its final stretch, with the united opposition against Orban’s Fidesz party polling at its largest vote share in over 10 years – although still short of a victory over the incumbent.
  • Hungarian manufacturing PMI came in ahead of expectations at 57.6 vs. Exp. 52.0 (Prev. 53.2).

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