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CNB Nidetzky Sees Debate About 25/50bps Rate Hike On May 5

CZECHIA
  • CNB Vice Governor Nidetzky mentioned in an interview that the central bank is likely to discuss potential further ‘fine-tuning’ at the next meeting on May 5. Nidetzky sees debate about 25/50bps rate hike.
  • This follow’s Mora recent comments that the CNB may either keep interest rates steady or hike at the next meeting.
  • The market is currently pricing in a terminal rate at 6%, which was described as ‘fairly realistic’ according to CNB Holub.
  • The Czech Chamber of Deputies okayed the government proposal to temporarily reduce the excise tax on fuels by CZK1.50 per litre from June until the end of September, to fight a growth in fuel prices due to soaring inflation and the current conflict in Ukraine. The bill is now to be sent to the Senate (BBG).
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