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CNB Likely Unchanged Later Today

CZECHIA

The CNB are expected to keep rates unchanged at today's meeting (1330GMT / 0930ET), with fresh economic forecasts due. The board hold a post-decision press conference at 1445GMT / 1045ET.

  • CNB seen keeping policy rates unchanged again in November, with vocal majority against further tightening
  • This leaves a hawkish minority (Mora, Holub), despite CPI re-accelerating in September
  • Consensus building around no further changes this year, leaving window open to rate cuts in H2'23

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MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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