 The Hungarian forint weakenedon Friday as the central banks new deputy governor said he seesroom to cut interest rates further, after a surprise rate cut onTuesday. The National Bank of Hungary NBH may cut its base rate byanother 15 basis points in July, but that is as far as it willgo, Deputy Governor Barnabas Virag said on Friday. The forint was down 0.34 and trading at 354.950versus the euro by 0824 GMT. The NBH unexpectedly cut its base rate by 15 basis points to0.75 on Tuesday, which caused the forint to fall to around 355versus the euro from levels stronger than 350 before the ratecut. The bank then described the measure as a one-off move toshore up the economy, but just three days later Virag sought totemper market expectations for further rate easing that he saidemerged following the surprise cut. We would like to keep a safe distance from levels near 0where the Polish or the Czech central banks have cut their baserate, he said. Investors were still processing his message, FX traders inBudapest said. If there are positive developments in the market in thenext month and the forint strengthens, then the NBH can cut therate with a lighter heart in July he added. Elsewhere in the region, currencies were little changed.Central European currencies suffered losses when lockdownmeasures brought economies to a virtual halt, but have regaineda significant part of their strength since then. We forecast CEE FX to trade sideways from current levelsgiven that positive and negative factors should balancethemselves in the upcoming months, Raiffeisen said in a note. Stocks in the region were mixed on Friday. Pragues equities were up 0.3 .Warsaw lost 0.3. Bucharestsstock market led gains, rising 0.9. CEE SNAPSHO AT MARKETS T 1024 CET CURRENC IES Latest Previou Daily Change s bid close change in 2020 EURHUF Hungary 0 0 EURPLN Polish EURRON Romanian EURHRK Croatian EURRSD Serbian 0 0 Note: calculated from 1800 daily CET change STOCKS Latest Previou Daily Change s close change in 2020 .PX Prague 920.97 917.790 0.35 -17.45 0 .BUX Budapest 37008.7 37001.9 0.02 -19.69 3 4 .WIG20 Warsaw .WIG20 1787.90 1793.36 -0.30 -16.85 .BETI Buchares 8638.36 8559.14 0.93 -13.42 t .SBITO Ljubljan .SBITO 857.90 858.41 -0.06 -7.34 P a P .CRBEX Zagreb .CRBEX 1586.76 1590.70 -0.25 -21.35 .BELEX Belgrade .BELEX 667.36 665.68 0.25 -16.76 15 15 .SOFIX Sofia .SOFIX 454.77 456.02 -0.27 -19.95 BONDS Yield Yield Spread Daily bid change vs Bund change in Czech spread Republic CZ2YT 2-year s CZ5YT 5-year s CZ10YT s Poland PL2YT 2-year s PL5YT 5-year s PL10YT s FRA 3x6 6x9 9x12 3M interba nk Czech Hungary Poland Note: FRA quotes are for ask prices Additional reporting by Jason Hovet in Prague and Alan Charlish in Warsaw 