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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.
CZECHIA
- CNB decided to proceed with a 75bps hike in today's meeting (as expected), levitating the policy rate to 4.5%.
- The policy rate is now standing above the 2008 high of 3.75%.
- The CNB has now entered into the last phase of the tightening cycle, with the terminal rate expected to reach 5% (at most) in Q1/early Q2 before gradually decline towards 3% in 2023 as inflationary pressures start to ease.
- CZK is slightly lower following the decision with EURCZK consolidating up to 24.20.
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.
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