MNI BRIEF: Canada PM Carney Derides Trump's 51st State Idea

MNI BRIEF: Carney Sworn In As PM, Names Champagne To Finance

MNI China Daily Summary: Friday, March 14

MNI BRIEF: China February M2 Stays At 7% Y/Y

RPT-MNI INTERVIEW2: Lag Justifies Faster CNB Easing - Holub

BAKER HUGHES CANADA RIG COUNT 199; OIL RIGS 139; GAS RIGS 60

MNI: BAKER HUGHES US RIG COUNT 592; OIL RIGS 487; GAS RIGS 100

EZ/UK T-Bill Calendar: DE, NL and FR Due Monday

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CZECHIA: CNB Holds Financial Stability Meeting, Q4 Wage Growth Tops Expectations

CZECHIA
EM BulletBulletEmerging Market NewsCentral and Eastern EuropeCzechia
  • The Czech National Bank (CNB) holds a meeting on financial stability today, with the decision on the countercyclical buffer (CCyB) rate and other macroprudential settings expected at 14:30GMT/15:30CET. At the previous financial stability meeting in November, the Bank Board decided to leave the CCyB rate unchanged at 1.25% and said that "if the economy continues to move into the growth phase of the financial cycle, the CNB is ready to increase the buffer rate."
  • CNB Governor Ales Michl reiterated his warning that Czechia should avoid too loose monetary and fiscal policies in order to better prepare for future shocks that may have their sources abroad. The Governor wrote on X that the role of import prices as a driver of inflation has been increasing, which the central bank's DSGE model failed to predict.
  • Czech real wages grew by 4.2% Y/Y in 4Q24, exceeding the consensus forecast of +3.8% and the CNB's projection of +4.0%. In the whole 2024, nominal wages rose by 7.1% Y/Y and real wages increased by 4.6% Y/Y.
  • President Petr Pavel and his Slovak counterpart Peter Pellegrini said that differences in foreign policy views should not have a negative impact on bilateral relations. Traditionally close relations between the two countries soured amid Slovakia's pro-Russian pivot under Prime Minister Robert Fico.
210 words

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.
  • The Czech National Bank (CNB) holds a meeting on financial stability today, with the decision on the countercyclical buffer (CCyB) rate and other macroprudential settings expected at 14:30GMT/15:30CET. At the previous financial stability meeting in November, the Bank Board decided to leave the CCyB rate unchanged at 1.25% and said that "if the economy continues to move into the growth phase of the financial cycle, the CNB is ready to increase the buffer rate."
  • CNB Governor Ales Michl reiterated his warning that Czechia should avoid too loose monetary and fiscal policies in order to better prepare for future shocks that may have their sources abroad. The Governor wrote on X that the role of import prices as a driver of inflation has been increasing, which the central bank's DSGE model failed to predict.
  • Czech real wages grew by 4.2% Y/Y in 4Q24, exceeding the consensus forecast of +3.8% and the CNB's projection of +4.0%. In the whole 2024, nominal wages rose by 7.1% Y/Y and real wages increased by 4.6% Y/Y.
  • President Petr Pavel and his Slovak counterpart Peter Pellegrini said that differences in foreign policy views should not have a negative impact on bilateral relations. Traditionally close relations between the two countries soured amid Slovakia's pro-Russian pivot under Prime Minister Robert Fico.