Inflation is going up and they have to do something to control it. The economy has been doing extremely well and the koruna will probably keep strengthening.

Yields are moving higher in a response to an economy that is bouncing back. Inflation is still under control, but it's in the upper end of the Fed's comfort range.

Inflation remains under control. We're concerned of inflationary pressures developing in the economy, but they're not here now. They may be here a few months down the road, but they're not here yet.

Early elections have been brought forward, forcing investors to take a closer look at Slovak politics. We may still see some further weakness.

There's a lot of customer interest in a whole array of emerging markets. The yield levels offered by some of these countries are still quite attractive.

Inflation is still moderate but this is about the outlook, and an economy that's doing well bears always risks.