* Central European currencies a touch stronger in calm trade
* Romania's leu stronger on accelerating inflation
WARSAW, Oct 10 (Reuters) - Central European currencies werea touch stronger in early trade on Wednesday, recovering fromthe recently sour investor sentiment that spread through themarkets after the IMF cut its global growth forecasts.
The International Monetary Fund said earlier in the weekthat the global economic slowdown was worsening and it expectedgrowth in central and eastern Europe to more than halveto 2.0 percent this year, and rise to only 2.6 percent in 2013.
Dealers said, however, that following weakness related tothe forecast, Wednesday's session was likely to be calmer.
"Things are relatively quiet in the region today, volatilityis at a low level," said Karol Zaluski, chief currency dealer atING Bank in Warsaw.
At 0747 GMT, the zloty, the Hungarian forint
and the Czech crown were 0.1 percent stronger againstthe euro each.
Poland's zloty, the region's most liquid currency, has beenstable since the central bank surprised markets last Wednesdayand kept interest rates flat at 4.75 percent, defyingexpectations that it would slash borrowing costs to help theailing economy.
Dealers ay investors need more clues on the rate outlook todecide what direction the zloty should take.
The Romanian leu
was up 0.2 percent, marking thebiggest change among the region's currencies on the back ofinflation accelerating above the central bank's target andeffectively reducing the scope for interest rates cuts needed bythe languishing economy.
The Serbian dinar could also stand out on Wednesday andcontinue to its rise following the decision of its central bankto increase borrowing costs on Tuesday.
Serbia's central bank raised its benchmark interest rate
by 25 basis points to 10.75 percent, surprisingsome in the market who had expected rates to stay on hold andunderpinning the dinar currency
Currency Latest Previous Local Localclose currency currencychange changetoday in 2012Czech crown24.94 24.995 +0.22% +2.43%Polish zloty4.076 4.079 +0.07% +9.54%Hungarian forint283.3 283.36 +0.02% +11.05%Croatian kuna7.49 7.485 -0.07% +0.34%Romanian leu4.568 4.574 +0.13% -5.41%Serbian dinar114.63 114.57 -0.05% -6.7%
All data taken from Reuters at 0903 CET.Currency percent change calculated from the daily domesticclose at 1600 GMT.
(Reporting By Karolina Slowikowska. Editing by Jeremy Gaunt.)
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Keywords: MARKETS EASTEUROPE/