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CNB Michl To Speak About Economic Outlook

CZECHIA
BulletEM BulletEmerging Markets
  • The Czech Industry and Trade Ministry will convene a meeting of its crisis committee to discuss situation with gas deliveries (BBG).
  • This morning, Ales Michl is scheduled to speak about economic outlook at a conference (10.15am CET).
  • As a reminder, Ales Michl will take over as the new CNB head in July, replacing current governor Rusnok.
  • The CNB decided to hike its policy rate by 125bps to 7%, in line with market expectations.
  • Some sell-side analysts are now expecting the CNB to mark a pause (even terminate) in its tightening cycle as recession risks have been surging in Europe and CEE.
  • Economic data to watch this morning will be consumer confidence (9am CET).
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  • The Czech Industry and Trade Ministry will convene a meeting of its crisis committee to discuss situation with gas deliveries (BBG).
  • This morning, Ales Michl is scheduled to speak about economic outlook at a conference (10.15am CET).
  • As a reminder, Ales Michl will take over as the new CNB head in July, replacing current governor Rusnok.
  • The CNB decided to hike its policy rate by 125bps to 7%, in line with market expectations.
  • Some sell-side analysts are now expecting the CNB to mark a pause (even terminate) in its tightening cycle as recession risks have been surging in Europe and CEE.
  • Economic data to watch this morning will be consumer confidence (9am CET).