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
- Today (1.30pm London time), The Czech National Bank is expected to raise its benchmark rate by another 0.25% to 0.75%. The central bank will hold a news conference (2.45pm) following the decision.
- The majority of the MPC board aims to continue to tighten monetary policy in order to curb inflationary pressures.
- The chart below shows that while Czech 2Y10Y yield curve has flattened by 100bps since December to 32bps (amid falling long term bond yields due to rising uncertainty), momentum on financials stocks has been positive this year as cyclical stocks have been driven by the sharp rise in short term yields.
- This morning, economic data showed that retail sales rose more than expected in June, up 9.7% YoY (vs. 7.3% exp.) and down from revised 18.5% the previous month.
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