Slovak crown flat as mkt eyes cbank rate verdict

25.09.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

    BRATISLAVA, Sept 25 (Reuters) - The Slovak crown <EURSKK=> 
traded in a narrow range and followed regional sentiment on 
Monday, as the market awaited a central bank monetary policy 
meeting, traders said. 
    The Slovak unit traded at 37.515 to the euro as of 1420 GMT, 
compared with 37.510 late on Friday. 
    The central bank's policy board will meet on Tuesday, but 
most analysts see rates staying on hold. 
    "We do not expect the central bank to change interest rates. 
The crown should move between 37.450-37.600 per euro, it depends 
what will happen in the region," said Tatra Banka dealer Boris 
Somorovsky. 
    A surprise rate hike could boost the crown to stronger 
levels as it would signal a further policy tightening in the 
future, analysts said. 
----------------MARKET SNAPSHOT AT 1440 GMT------------------- 
Crown/Euro <EURSKK=> 37.515 vs 37.510 (-0.01 pct) on Friday 
Crown/Dollar <SKK=>  29.387 vs 29.300 (-0.30) 
5-yr govt bond <SK5YT=RR> yield 5.043/4.741 vs 5.080/4.781 
9-yr govt bond <SK9YT=RR> yield 4.854/4.654 vs 4.894/4.694 
-------------------------------------------------------------- 
 ((Reporting by Martin Santa, editing by Gerrard Raven; 
martin.santa@reuters.com; Reuters Messaging: 
martin.santa.reuters.com@reuters.net; +421-2 5341 8402)) 
  Keywords: MARKETS SLOVAKIA CROWN CLOSE 
    

Autor článku

 

Články ze sekce: Zpravodajství ČTK