Global economic fears weigh on regional markets | Eurobank
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Global economic fears weigh on regional markets

We expect local rates markets to continue to broadly outperform other major asset classes in New Europe in the period ahead. Local currencies are likely to remain under pressure near-term, given lingering market uncertainties and scaled-back policy rate expectations. We continue to expect the Polish zloty and the Turkish lira to outperform other regional currencies over the next 3-6months, supported by strengthened domestic fundamentals.