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CNB Preparing For 50bps Hike Next Week (Feb 3)

CZECHIA
  • Next CNB meeting is scheduled for February 3rd and a 50bps hike seems likely, which would bring the policy rate up to 4.25%.
  • On Tuesday, CNB Deputy Governor Nidetzky said in an interview that he expects the policy rate to rise above 4% in February and sees terminal rate at around 5% in Spring.
  • The Czech Republic reported 54,685 new Covid-19 cases for the past 24 hours, the highest daily number of infections since the start of the pandemic. Health Minister Vlastimil Valek expects the current wave to peak this week (BBG).
  • Talks about Turow mine are expected to continue between Poland and Czechia as the two countries failed to sign a deal (PM Fiala)

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