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Lawmakers To Debate On Lower Fuel Prices

  • Lawmakers are expected to start debating government proposals designed to lower fuel prices at a regular session (BBG).
  • Yesterday, CNB member Michl mentioned in an interview that he is not in favour of using FX as a Czech policy tool and reiterated his opposition to rate hikes as inflation drivers are now external shocks that are outside of the monetary policy realm.
  • EURCZK has been retracing higher this week after finding support slightly below the 24.30 level. Resistance to watch on the topside stands at 24.50. On the downside, support to watch below 24.30 stands at 24.27.
  • Czech 10Y yield has paused around 4.25% after retracing higher last week. ST resistance to watch on the topside stands at 4.35%. On the downside , key resistance remains at 4%.

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