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CNB Announces Rate Decision Shortly (1330GMT/1430CET)

CZECHIA
  • The Czech National Bank (CNB) will deliver its last monetary policy decision of 2023 at 13:30GMT/14:30CET.
  • 17 out of 23 economists surveyed by Bloomberg expect the Bank Board to cut the two-week repo rate by 25bp, with market pricing also leaning that way. However, much of the commentary surrounding today's decision emphasises that it is a very close call, with some Bank Board members themselves admitting that the decision was finely balanced between a cut and a hold.
  • We discussed the backdrop of the decision in detail in our preview, which also includes a summary of sell-side views.

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