MNI BRIEF: US May Existing Home Sales Pace Falls 0.7% To 4.11M

MNI INTERVIEW2: Uninsured Bank Deposits Still Vulnerable-Bair

CANADA APR RETAILS +0.7%, MATCHING FORECAST, PRIOR -0.3%

MNI BRIEF: China Hopes EU To Ease Frictions Via Negotiations

MNI: PBOC Net Injects CNY8 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1196 Fri; -1.41% Y/Y

MNI: BAKER HUGHES US RIG COUNT 588; OIL RIGS 485; GAS RIGS 98

EZ/UK Bond Supply Calendar: EU Auction, BoE APF Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

CNB Governor Deems Monetary Policy Restrictive Enough

CZECHIA
  • CNB Governor Ales Michl told Newstream.cz that monetary policy is restrictive enough, with short-term interest rates at the highest levels since 1999, which is translating into a big contraction in lending. He refused label his new Bank Board colleagues as hawkish or dovish and said we will only be able to assess them in a few years. The Governor reiterated that a strong Koruna and low inflation should become the long-term priority for both the CNB and the government.
  • During a campaign trip to Brno and Zidlochovice, Petr Pavel said that he was not sure whether he would support rival presidential candidate Danuse Nerudova, if she proceeds to the runoff with former Prime Minister Andrej Babis. Pavel and Nerudova are locked in a tight race for the spot in the second round, with opinion polls suggesting that either of them would beat Babis.
  • President Zeman tapped Jan Svaton to replace Katerina Simackova in the Constitutional Court after the Senate refused to confirm an earlier nominee. The upper chamber will now review the latest appointment. Note that Zeman has come under criticism after he failed to rule out frontloading the appointment of the next Constitutional Court Chairperson, even as the incumbent's term only expires in August.
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.