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CNB Rate Decision Coming Up (1330GMT/1430CET)

CZECHIA
  • The Czech National Bank will announce its monetary policy decision at 13:30GMT/14:30CET, while a media briefing with Governor Ales Michl will follow at 14:45GMT/15:45CET.
  • The meeting is "live" for a potential rate cut for the first time in months. Final data signals ahead of the meeting fell in line with the dovish trend, with Q3 GDP and S&P Global Manufacturing PMI undershooting expectations. However, official communications reflected the Bank Board's cautious approach, with officials refusing to commit to any specific outcome.
  • Consensus is almost evenly split between a 25bp cut and a hold (11-10 in the Bloomberg poll), while the market is pricing a 25bp reduction in rates.
See our preview of the decision here.

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