budapest feb 21 reuters  central european currencies rose on monday as risk appetite got a boost from news that us president joe biden and russias vladimir putin agreed in principle to a summit on ukraine currency moves in the region have been volatile due to tensions in eastern europe over the past weeks although expectations of interest rate hikes have kept them anchored just off 2022 highs the hungarian forint led currencies higher in the region on monday rising 045 to 35620 per euro it has added 37 since the start of the year the central bank is expected to lift rates another 50 basis points on tuesday to keep up its fight against surging inflation everyone is watching the russiaukraine tensions and now there is optimism over the possibility of bidenputin talks an fx trader in budapest said tomorrows rate hike is taken for granted by investors so it wont really move the forint if the central bank raised the base rate by more than 50 basis points that would be positive for the currency but i do not see a big chance for that in poland the zloty gained 035 to 45152 per euro supported by data showing strong retail sales data for january that and robust industrial output data strengthened bets for further rate hikes overall this all adds up for us to an environment in which the monetary policy council mpc will continue to tighten monetary policy we expect the main interest rate to be raised by 50 basis points in march adam antoniak senior economist at ing bank slaski said among other trade the czech crown edged up 002 while the romanian leu was flat markets in the region were also eyeing a series of bond auctions expected this week from the czech republic slovakia romania and poland the benchmark czech 10year bond yield is around the highest in a decade it spiked well above 3 last month but has since stabilized around that level additional reporting by jason hovet in prague and alicja ptak and alan charlish in warsaw editing by devika syamnath