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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.
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CNB Cuts Key Rate By 50bp, Charts Higher Rate Path
- The Czech National Bank (CNB) lowered the two-week repo rate by 50bp, as expected by all analysts surveyed by Bloomberg. The interest-rate outlook for this year and next was raised amid concerns about inflationary risks. Governor Ales Michl noted that "the Bank Board considers it necessary to maintain tight monetary policy and have a very cautious approach to further rate cuts."
- The central bank released the opening section of its new Monetary Policy Report (MPR), including more details on the updated forecasts. The CNB's senior staffers and a Bank Board member will hold a meeting with analysts (in English, live-streamed online) at 10:00BST/11:00CEST to discuss the new macroeconomic projections.
To read the full story
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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.