Free Trial
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
- Czech President Milos Zeman has been in intensive care since October 10, one day after PM Babis was narrowly defeated by the three-party SPOLU coalition, which captured 27.8% of the vote (vs. Babis ANO 27.1% vote share).
- The President alone, under the constitution, can decide who will lead to next government, but is currently too ill to carry out any work duty.
- Yesterday, CNB policymaker Holub said in an interview that he was supporting bigger rate hikes following the aggressive 75bps rate increase in September.
- As inflationary pressures remain elevated in the CEE region, central banks can continue to surprise the market in the coming meetings.
- With Czech FRA 3Mx6M currently trading at 112bps above Pribor 3M, the market is currently expecting another two '50bps hikes' by January, which would bring the policy rate back to Q4 2008 levels (see chart).
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok