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CEE: Continued Easing, Mounting Risks

We expect one final rate cut in Hungary in June, bringing the base rate to 1.50%. Polish rate markets are pricing in a high probability of rate hikes in the coming months, which we see as highly...

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EUR: The Worst Is Almost Over

Euro weakness versus the US dollar will persist to the end of 2015 and into 2016. However, we have raised our 2016 and 2017 forecasts slightly to account for the improving eurozone economic outlook,...

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