BOC WILL BE CONSDIERING FURTHER RATE CUTS

BOC DOESN'T SEE A RECESSION, RATHER SLOW GROWTH

BOC SAYS WEAKER CAD DRIVEN BY USD STRENGTH

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

BOC CUTS RATE 50BPS TO 3.25%, SEES GRADUAL APPROACH FROM HERE

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

All About Fiscal Consolidation Package

CZECHIA
  • From the top of the hour, Czechia's Chamber of Deputies will debate the government's fiscal consolidation package and pension reforms intended to curb budget deficits. The government claims that its legislative proposals will bring savings to the tune of CZK94bn next year and CZK148bn the following year. It is expected that the opposition ANO and SPD parties will use all available means to delay the adoption of the austerity measures as much as possible.
  • This comes after Prime Minister Petr Fiala said that trade unions and employers will jointly prepare a proposal to modify the austerity package. They will submit the proposal to the governing coalition for a review, before the government decides whether to implement these changes. Finance Minister Zbynek Stanjura said that if any proposed change is accepted, it will be introduced by the coalition as an amendment in parliament.
  • Commenting on yesterday's retail sales data, CSOB write that "it seems that the expected stabilisation in real wages does not yet have a positive effect on the consumer behaviour of Czech households and they continue to have their foot off the gas," while the latest retail sales print poses a downside risk to their Q2 GDP estimate (+0.1% Q/Q).
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

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.