{
  "id": 12099215,
  "title": "CEE FX: Inflation supports koruna over peers – ING",
  "url": "https://urgent.news/2026/10/05/cee-fx-inflation-supports-koruna-over-peers-ing",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T07:27:35.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/cee-fx-inflation-supports-koruna-over-peers-ing-202610050727"
  },
  "original_language": "en",
  "account": "ING economist Frantisek Taborsky anticipates rising September inflation across the Czech Republic and Hungary, suggesting a possible November rate increase. He maintains a bearish outlook for regional currencies, preferring the Czech koruna due to its lower dependence on global factors and its potential for outperforming more inflation-sensitive CEE currencies. Czech inflation is forecast to jump from 1.9% to 2.5% this month, primarily driven by fuel price increases, surpassing the Czech National Bank's prior prediction of 2.2%. Core inflation expected to increase from 3.0% to 3.1% also reinforces the recommendation for a November rate increase. Hungarian inflation is anticipated to climb from 1.3% to 2.0%, again mainly due to fuel costs, exceeding the National Bank of Hungary's September projection of 1.7%. The National Bank of Poland remains cautious, likely keeping rates unchanged at 3.75% following Thursday's press conference. Meanwhile, the National Bank of Romania is expected to hold steady at 6.50% during Thursday's meeting, with markets closely watching comments on recent EUR/RON fluctuations. While noting the Czech koruna's recent lows, Taborsky expects higher inflation to prompt a more aggressive stance from the Czech National Bank, potentially benefiting the koruna compared to its regional peers.",
  "summary": "ING’s Frantisek Taborsky expects higher September inflation across Czech Republic and Hungary, with Czech data seen backing a November rate hike. He forecasts unchanged policy in Poland and Romania, maintains a bearish regional FX bias, and favours the Czech koruna, which he sees as less tied to global narratives and likely to outperform more dovish CEE currencies.",
  "key_points": [
    "Czech inflation rises to 2.5% in September, up from 1.9%",
    "Hungarian inflation climbs to 2.0% in September, up from 1.3%",
    "ING economist favors Czech koruna due to lower inflation sensitivity"
  ],
  "editors_take": "The Czech koruna is likely to outperform other Central and Eastern European currencies as higher inflation may prompt a more aggressive stance from the Czech National Bank, supporting the koruna.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}