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CZECHIA: CNB Chief Economist Resigns, Trade Surplus Widens

CZECHIA
EM BulletBulletEmerging Market NewsCentral and Eastern EuropeCzechia
  • The Czech National Bank (CNB) announced that Monetary Department Executive Director Petr Kral stepped down on January 6 and will vacate his post at the end of this month. Kral's role was akin to that of a chief economist, with his department tasked with preparing the analyses that informed monetary policy decisions. The department will be managed by Deputy Director Jakub Mateju until the appointment of a new Executive Director.
  • Seznam Zpravy reported that the SPOLU coalition has not yet started negotiating a common platform for this year's parliamentary election but the first divisive issue has now surfaced. TOP 09 insist that the alliance should pledge to make Czechia adopt the euro, KDU-CSL agree with the sentiment but does not see it as a priority, while ODS remains opposed.
  • Czechia's trade surplus widened to CZK23.6bn in November from the revised CZK13.0bn prior, exceeding Bloomberg consensus forecast of CZK18.6bn.
  • The CNB will release data on international reserves and the volume of its FX transactions at 09:00GMT/10:00CET.
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  • The Czech National Bank (CNB) announced that Monetary Department Executive Director Petr Kral stepped down on January 6 and will vacate his post at the end of this month. Kral's role was akin to that of a chief economist, with his department tasked with preparing the analyses that informed monetary policy decisions. The department will be managed by Deputy Director Jakub Mateju until the appointment of a new Executive Director.
  • Seznam Zpravy reported that the SPOLU coalition has not yet started negotiating a common platform for this year's parliamentary election but the first divisive issue has now surfaced. TOP 09 insist that the alliance should pledge to make Czechia adopt the euro, KDU-CSL agree with the sentiment but does not see it as a priority, while ODS remains opposed.
  • Czechia's trade surplus widened to CZK23.6bn in November from the revised CZK13.0bn prior, exceeding Bloomberg consensus forecast of CZK18.6bn.
  • The CNB will release data on international reserves and the volume of its FX transactions at 09:00GMT/10:00CET.