WARSAW: An old bugbear is coming back to the European Union’s east.
In 2020, central banks from Warsaw to Bucharest will need to confront resurfacing price pressures from abroad, while seeking to avoid the kind of policy tightening that could choke fragile growth at home.
That means renewed depreciation risks, with analysts predicting weakness in all regional currencies next year. Returns on local bonds will prove difficult to repeat, forecasts show.
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