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.
Global economic fears weigh on regional markets
See also
