Free Trial

CNB Officials To Speak, Fiala Says Gov't Is Doing Its Share In Fight Against Inflation

CZECHIA
  • CNB Governor Ales Michl (13:00BST/14:00CEST) and Deputy Governor Eva Zamrazilova (13:30BST/14:30CEST) will discuss inflation and monetary policy at the University of Economics in Prague. The Governor will deliver an opening speech, followed by an address from his deputy, each will involve a discussion with the audience.
  • Prime Minister Petr Fiala told his party that his "government is fulfilling its share of tasks in the fight against inflation and we can only hope that our independent central bankers will be equally responsible." The government last week presented its fiscal consolidation package after the CNB flagged widening budget deficits as a key hawkish risk to its monetary policy outlook.
  • Czech trade unions meet today to discuss a coordinated reaction to the government's austerity plan. Later in the day, Prime Minister Fiala and Cabinet members will meet with representatives of trade unions and employers to discuss the fiscal consolidation package. Fiala told a local radio station Sunday that he "will not be intimidated" by the threat of strikes.

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.