CEE MARKETS-Currencies stable as data signals easing inflation pressure

* Czech producer prices fall for first time since 2016

* Polish wages rise 6.8 pct y/y, less than expected

* Zloty holds near 3-month low vs euro, crown stable

WARSAW, March 16 (Reuters) - Central European currencies were mostly stable on Friday as economic data provided further signals that inflation pressure was easing in the region for now. Stock markets were mixed with Budapest's main index down about 1 percent, while Romania's BETI index was up 0.7 percent. Czech producer prices fell 0.3 percent year-on-year in February, data showed, missing expectations for a rise and showing the first drop since the end of 2016. Analysts said the data confirmed that the central bank will not hurry in delivering the next rate hike. "Producer price development supports the idea the Czech National Bank will (...) not rush with raising rates, although in my view a rise in the second half remains in play," said Radomir Jac, chief economist at Generali Investments CEE. Financial markets do not expect the next 25 basis point rate hike until the end of the year. The Czech central bank has lifted rates three times since August, becoming the first in the EU to begin reversing loose policy last year. Its key rate stands at 0.75 percent, half of the Polish central bank's benchmark rate. to the euro, supported by data showing a current account surplus of $1.40 billion in January. The Polish zloty held near a three-month low at 4.214. The currency has weakened since the central bank governor surprised markets last week by saying he saw no reason to hike rates until the end of 2020 given current forecasts, much longer then expected by analysts. Data on Friday showed that Polish corporate wages grew less than expected in February, also confirming a sustained rise in employment by companies. The labor market remains in focus for Polish policymakers, some of whom are concerned that record low unemployment and wage growth could at some point start feeding into inflation. Markets have currently fully priced in a next Polish rate hike, by 25 basis points, in two years' time.



Latest Previous Daily Change bid close change in 2018 Czech crown 25.425 25.414 -0.05% 0.40% Hungary forint 311.020 311.130 +0.04% -0.16% Polish zloty 4.214 4.216 +0.07% -0.90% Romanian leu 4.666 4.667 +0.03% 0.24% Croatian kuna 7.433 7.441 +0.10% -0.07% Serbian dinar 117.970 118.290 +0.27% 0.36% Note: change versus previous close at 1800 CET


Latest Previous Daily Change close change in 2018 Prague 1120.6 1108.3 +0.47% +3.93% Budapest 38240.1 38644.0 -1.05% -2.89% Warsaw 2309.5 2410.7 -0.53% -6.16% Bucharest 8745.3 8290.7 +0.66% +12.79


Ljubljana 823.6 813.7 -0.18% +2.13% Zagreb 1839.3 1823.5 -0.22% -0.20% Belgrade <.BELEX15 742.8 756.9 -0.28% -2.24% > Sofia 680.9 687.8 +0.25% +0.51%


Yield Yield Spread Daily (bid) change vs Bund spread Czech Republic change 2-year <CZ2YT=RR 0.849 0.082 +142bp +8bps > s 5-year <CZ5YT=RR 1.042 -0.014 +107bp -1bps > s 10-year <CZ10YT=R 1.917 -0.008 +135bp +0bps R> s


2-year <PL2YT=RR 1.523 -0.009 +209bp -1bps > s 5-year <PL5YT=RR 2.39 -0.028 +242bp -3bps > s 10-year <PL10YT=R 3.255 -0.028 +269bp -2bps R> s FORWARD RATE AGREEMENT 3x6 6x9 9x12 3M


Czech Rep < 0.96 1.08 1.25 0.9


Hungary < 0.07 0.11 0.185 0.02


Poland < 1.725 1.73 1.77 1.72


Note: FRA are for quotes ask



(Reporting by Marcin Goettig in Warsaw and Jason Hovet in Prague Writing by Marcin Goettig; Editing by Susan Fenton)