BOC'S MACKLEM SAYS HE'S A FAN OF FISCAL GUARDRAILS

TRUDEAU CALLS BOC RATE CUT 'A STEP IN THE RIGHT DIRECTION'

MNI BRIEF: BOC Governor Tiff Macklem Opening Statement

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

BOC CUTS RATE 50BPS TO 3.25%, SEES GRADUAL APPROACH FROM HERE

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CNB's Zamrazilova Says Year-End Key Rate At 4% Would Be "Nice", Jurecka Remains Under Pressure

CZECHIA
  • Asked about the probability of cutting the benchmark policy rate to 4% by the end of this year, CNB Deputy Governor Eva Zamrazilova noted that it "would be a nice number", but this outcome is far from a done deal even as it cannot be ruled out. The official said that she supports trimming the 2-week repo rate by at least 25bp at the coming Bank Board meetings from its current level of 6.75%. Note that the Board meets to discuss monetary policy eight times a year, so proceeding in 25bp steps would bring the key rate to 4.75% at end-2024. Zamrazilova added that the central bank wants to avoid holding rates too high for too long, but also doesn't want to "underestimate the persistence of inflationary pressures".
  • The Chamber of Deputies resumes session on the government's proposal to introduce postal voting to boost turnout among Czechs living abroad. The proposal has drawn criticism from opposition lawmakers, who argue that it would soften the principle of secret ballot.
  • Deputy Prime Minister Marian Jurecka remains under pressure amid growing discontent among members of his party. KCU-CSL's three regional chapters (from South Bohemia, Pilsen and Moravia-Silesia) have called for a party congress to be held in spring to elect new party leadership. Hospodarske Noviny reports that four potential successors have already emerged. In the meantime, the party will hold a national conference next week.
Political Risk BulletEM BulletHomepageBulletPolitical RiskEmerging Market News

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.