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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CZECHIA
- The CNB action at today's meeting to proceed with an aggressive 75bps hike clearly shows how strongly the board is sensitive to rising inflationary pressures.
- Following the constant upward revision in inflation (which is expected to peak end of 2021/beginning of 2022), CNB policymakers decided to deal with immediately as August CPI print was already standing significantly above the 3% upper tolerance band (Aug CPI came in at 4.1% YoY)
- Strong divergence with its CEE peers, which could continue to support CZK crosses in the short term.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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