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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 Czech Banking Association lowered its growth projections for this year to 3.7%, down from 3.9% in its November outlook.
- We previously saw that the aggressive tightening cycle run by the CNB to combat inflation could start to significantly weigh on the economic activity in the medium term.
- The chart below shows how strongly the 2Y change in Czech 2Y yield has led industrial production (proxy for economic activity) in the past 15 years (6M lead).
- Yesterday, Czech Cabinet approved 2022 budget with 280bn CZK deficit according to CTK, which was proposed by Finance Ministry this week.
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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