Hungary needs a precautionary standby loan agreement with the International Monetary Fund to defend against contagion from a potential worsening of the euro crisis, Bank of America Corp. economist Raffaella Tenconi said.
Poland’s central bank will increase its benchmark interest rate in quarter-point steps in March and May as economic growth and a weak zloty keep inflation above the 2.5 percent target, Bank of America Merrill Lynch said.
Miroslav Singer , a University of Pittsburgh-trained economist, was named the next governor of the Czech central bank today. He said there’s no need for major monetary policy changes when he takes office July 1.
Emerging-market stocks rose as Brazil’s Ibovespa gained on speculation President Dilma Rousseff will be voted out of office. Russian shares ended a two-day drop after Foreign Minister Sergei Lavrov called for talks to resolve the Ukraine crisis.