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CEE MARKETS-Inflation buoys crown, stocks up on US-China deal

0950 GMT the crown firmed 0.1% to 25.24 to the

BUCHAREST, Jan 13 (Reuters) - Central European shares edged up, mirroring a global mode as investors awaited the signing of a Sino-U.S. trade deal later this week, while the Czech crown got a boost from a pick-up in inflation. euro, holding near a 23-month high hit at the start of this year. Other regional currencies were mostly flat, while the forint edged 0.3% down on the day. Czech inflation accelerated in December though most analysts expected the bank would continue to hold steady on rates despite ongoing debate over a hike, which was voted down at the last three meetings. Inflation was outside the upper end of the central bank's tolerance range around its 2% target for a second straight month. "Whether the central bank will further raise rates will mainly depend on economic development abroad," ING economist Jakub Seidler said. Markets have priced out chances of a rate cut over the next year period in recent weeks. Some analysts still see chances a hike could come some time this year if the global outlook improves. On stock markets, Bucharest's blue chip BETI led regional gains with a 0.5% rise, close to a year high of 10,012, with heavyweight investment fund Fondul Proprietatea trading 1.7% up on the day. Poland's market came second with 0.3%. "Fondul's (share) buyback programme unveiled last week continues to prop up the stock, and there's also the background of a long awaited deal between China and the United States that should happen this week," said a Bucharest-based trader.

CEE MARKETS SNAPSHOT AT

1100 CET CURRENCIE S

Latest Previous Daily Changebid close change in 2020Czech 25.2490 25.2640 +0.06% +0.72%

crown

Hungary 335.0000 333.8000 -0.36% -1.15%

forint

Polish 4.2379 4.2358 -0.05% +0.44%

zloty

Romanian 4.7800 4.7791 -0.02% +0.17%

leu

Croatian 7.4430 7.4425 -0.01% +0.03%

kuna

Serbian 117.5400 117.5800 +0.03% +0.03%

dinar

Note: calculated from 1800 CET

daily change

Latest Previous Daily Changeclose change in 2020Prague 1137.07 1133.670 +0.30% +1.92%

0

Budapest 45553.83 45364.14 +0.42% -1.15%Warsaw 2177.92 2167.91 +0.46% +1.29%Buchares 9998.96 9952.83 +0.46% +0.22%

t

Ljubljan 972.82 965.30 +0.78% +5.07%

a

Zagreb 2037.89 2036.45 +0.07% +1.01%Belgrade 795.96 805.40 -1.17% -0.71%Sofia 578.54 579.24 -0.12% +1.83%

BONDS

Yield Yield Spread Daily(bid) change vs Bund change inCzech spread

Republic

2-year 1.7100 0.0200 +230bps +1bps5-year 1.4430 -0.0340 +194bps -4bps1.6590 0.0210 +188bps +1bps

10-year Poland

2-year 1.5660 0.0330 +216bps +2bps5-year 1.9960 0.0490 +249bps +4bps2.2960 0.0300 +251bps +2bps

10-year

FORWARD RATE AGREEMEN

T

3x6 6x9 9x12 3M

interbank

Czech <PR 2.26 2.27 2.32 2.17Rep IBOR=>Hungary <BU 0.26 0.35 0.43 0.16

BOR=>

Poland <WI 1.76 1.77 1.80 1.71

BOR=>

Note: are for ask prices

FRA quotes

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(Additional reporting by Jason Hovet in Prague; Editing by Andrew Cawthorne)