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Economists/Politicians To Hold Conference On Euro Adoption

CZECHIA
  • Czech economists, sociologists and politicians are scheduled to meet in Prague to discuss the prospect of the country adopting the euro at 2pm CET (BBG).
  • This week, CNB Rusnok reiterated that he cannot rule out further rate hikes, but new rate rise is likely to be ‘comestic’.
  • This follows Holub’s comments that rates will need to rise further to combat inflation.
  • EURCZK sticks slightly higher this morning after finding support at 24.343 earlier (2W low); next support to watch on the downside stands at 24.30. On the topside, resistance to watch remains at 24.50.
  • Czech 10Y yield continues to retrace higher this week amid rising inflation risk; next ST resistance to watch on the topside stands at 4.32%, which was the high reached in November 2011.

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