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Business & Consumer Sentiment Data Up Later This Week

CZECHIA
  • FinTag circulated an opinion piece suggesting that the assumptions behind the government's fiscal consolidation package are too optimistic. Tax expert Petr Frisch told FinTag that the estimated savings from the austerity package are "probably based on the idea that past results will be replicated in the future."
  • In their weekly research note, Komercni banka pointed to the recent reduction in dovish CNB bets, adding that they still see the current pricing as excessive. They expect the CNB to cut rates only in 2024.
  • The local macroeconomic docket is very light this week. Business and consumer sentiment gauges will be published on Thursday.

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