CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CNB Expected To Hike By 100bps on June 22

CZECHIA

LOCAL NEWS

  • The CNB is meeting on June 22, with analysts expecting the central bank to hike its benchmark rate by 100bps to 6.75%.
  • This will be Rusnok last meeting as a Governor, following Ales Michl nomination as CNB’s new head (starting in July).
  • We previously saw that the rotation towards a more ‘dovish’ board (Benda and Nidetzky no reappointed, replaced by more dovish members – Zamrazilova, Kubelkova and Frait) could leave CZK vulnerable in the medium term as some analysts have been speculating that this may be the last ‘hawkish’ hike and that the CNB may announce the ‘end of its tightening cycle’ soon.
  • More uncertainty on the CNB policy outlook could also leave CZK and Czech risky assets vulnerable in the near to medium term.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

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.