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CNB Likely To Hike By 75bps

CZECHIA
  • The CNB is likely to proceed with another 75bps hike at today's meeting despite rising uncertainty.
  • The Czech 2Y10Y yield curve inverted in the end of October, increasing the odds of an economic downturn.
  • Sharp deceleration in the economic activity may pressure the CNB to slow down or pause the pace of its tightening cycle after this meeting.
  • News conference will follow the CNB decision at 2.45pm (London time).
  • Today, Leadership of Civic Democrats, strongest party in likely new government, to debate proposed coalition agreement (BBG).
  • Next important data to watch be October CPI print coming out on November 10.

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