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CNB Confirms The Presence of All 7 Policymakers At Next Meeting

CZECHIA
  • The CNB confirmed earlier that all seven policymakers will attend next meeting on September 30.
  • Recently, we saw that a rising number of CNB members have mentioned that a bigger rate hike may be necessary to curb the inflationary pressures.
  • CNB member Vojtech Benda was the only policymaker voting for a 50bps hike at the last meeting (August 5).
  • This time, Governor Rusnok and rate settler Holub may also vote for a 50bps hike based on their latest speeches.
  • Yesterday, CNB member Tomas Nidetzky said that the central bank will have a more intensive debate about the magnitude of the rate hike at its policy meeting next week.
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