Free Trial

CNB Likely To Hike By 75bps Today

CZECHIA
  • CNB is likely to hike its benchmark rate by 75bps today to 3.5% (1.30pm London time), its highest level since Sep 2008.
  • Inflationary pressures are now expected to remain elevated longer than previously estimated.
  • Central bank is likely to continue its tightening cycle through 2022.
  • The CNB will hold news conference after policy meeting at 2.45pm.
  • Monetary policy divergence between CNB and ECB could continue to support CZK over EUR in the near term and therefore help anchor inflation expectations.
  • Government is expected to debate possible measures to ease impact of high energy prices on most-vulnerable households and the Covid situation.

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.