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.
The Spanish government will temporarily restrict Romanian immigration to those who can show a job contract as the country seeks to ease pressure on its labor market, which has the highest jobless rate in Europe.