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CNB Likely to Hike by 75bps

CZECHIA

Executive Summary:

  • The CNB is likely to proceed with another 75bps hike today despite rising uncertainty.
  • The Czech 2Y10Y yield curve inverted in the end of October, increasing the odds of an economic downturn (right chart).
  • Sharp deceleration in the economic activity may pressure the CNB to slow down or pause the pace of its tightening cycle after this meeting.


Link to full preview:


CNB nov 4.pdf




Source: Bloomberg/MNI


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