PRAGUE, May 27 (Reuters) - The forint eased to a nearly

two-week low on Tuesday before a meeting of Hungary's central

bank, expected to hold interest rates unchanged for an eighth

straight meeting as inflation risks outweigh growth worries.

Elsewhere Central European shares were mostly stronger,

gaining with European peers as large U.S. tariffs on EU goods

were delayed until July.

But currencies stayed on weaker footing, with the Czech

crown down a touch at 24.900 per euro, hovering near

an 11-month low hit last week.

The Polish zloty lacked momentum amid uncertainty before a

run-off presidential vote on Sunday, which is pitting liberal

Warsaw mayor Rafal Trzaskowski against nationalist Karol

Nawrocki.

The zloty inched 0.1% down to 4.2475 per euro,

while Romania's leu was steady at 5.0626 to the euro.

The Romanian currency had fallen sharply this month when a

nationalist candidate gained a strong showing in the country's

own presidential vote, raising fiscal concerns. While a centrist

candidate won in the end, the leu has yet to regain its lost

ground.

"The technical situation for the EUR/PLN exchange rate

suggests that we may soon see a correction towards 4.27-4.30,

which may be supported by uncertainty related to the second

round of the presidential elections," Bank Millennium said.

In Hungary, eyes were on the central bank as well as

European Union ministers meeting in Brussels to discuss

Hungarian rule of law concerns.

The forint was 0.2% down at 404.40 per euro as

analysts widely expected interest rates to stay at 6.50%, with

rate-setters seeking to cut inflation with an economic recovery

weaker than expected.

A Reuters poll's median projection is for the base rate to

inch down to 6.25% by the end of 2025 as the bank keeps a

hawkish bent in the face of market risks.

"There is no question that Hungarian inflation is the most

stubborn in CE3 and, crucially, it is susceptible to

re-accelerating via FX pass-through from a weakening forint,"

Commerzbank said, referring to the three biggest economies in

the region.

CEE MARKETS SNAPSHOT AT 1110 CET

CURRENCIES Latest Previou Daily Change

trade s close change in 2025

Czech 0

Hungary 00 0

Polish Romania %

Serbian 00 0 %

Note: daily change calculated

from 1800 CET

STOCKS Latest Previou Daily Change

s close change in 2025

Prague 2167.7 2160.16 +0.35 +23.16

9 00 % %

Budapes 96415. 96059.9 +0.37 +21.54

t 68 0 % %

Warsaw 5 % %

Buchare 17841. 17736.3 +0.59 +6.70%

st 51 4 %

BONDS Yield Yield Spread Daily

(bid) change vs change

Bund in

spread

Czech ps

2-year

Czech ps

5-year

Czech ps

10-year

Poland ps

Poland ps

Poland ps

FORWARD RATE 3x6 6x9 9x12 3M

AGREEMENTS interba

nk

Czech Poland Note: FRA quotes are for ask prices