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CNB Publishes Minutes Of Financial Stability Meeting, Czechia's Confidence Index Improves

CZECHIA
  • The CNB published a record of its March 9 meeting on financial stability, which involved a review of the countercyclical capital buffer. The Bank Board unanimously "recommended keeping the rate at 2.5% and communicating that [it] is ready to start gradually reducing the rate if it considers that the extent of cyclical credit risks in banks' balance sheets is decreasing.
  • Czechia's aggregate consumer & business confidence index recovered to +1.2 in March from -1.2 prior, as an improvement in business confidence to +6.9 from +3.8 offset a slight decline in consumer confidence to -21.5 from -21.0.
  • E15 reports that Finance Minister Zbynek Stanjura will present unpopular austerity measures to reduce the budget deficit by CZK70bnby the end of April.

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