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CZECHIA: All Seven CNB Board Members Voted to Cut Rates

CZECHIA
  • "ALL SEVEN CZECH CENTRAL BANKERS VOTED TO CUT RATES THURSDAY" - BBG
  • "CZECH CENTRAL BANK LOWERS 2025 INFLATION FORECAST TO 2.4%"
  • "CZECH CENTRAL BANK CUTS 2025 GDP GROWTH FORECAST TO 2% VS 2.4%"
  • "CZECH CENTRAL BANK'S FORECAST SEES `MODEST' RATES DECLINE IN 1H"

The unanimous vote is marginal dovish surprise, as some desks flagged expectations of a split vote, while Jan Frait pointed to a limited room for further easing ahead of the decision. 

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  • "ALL SEVEN CZECH CENTRAL BANKERS VOTED TO CUT RATES THURSDAY" - BBG
  • "CZECH CENTRAL BANK LOWERS 2025 INFLATION FORECAST TO 2.4%"
  • "CZECH CENTRAL BANK CUTS 2025 GDP GROWTH FORECAST TO 2% VS 2.4%"
  • "CZECH CENTRAL BANK'S FORECAST SEES `MODEST' RATES DECLINE IN 1H"

The unanimous vote is marginal dovish surprise, as some desks flagged expectations of a split vote, while Jan Frait pointed to a limited room for further easing ahead of the decision.