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CNB Seen Hiking Rates to Temper 25y High in Inflation

CEE
  • The Czech National Bank is likely to raise its benchmark rate by 50bps to 5% today at its meeting due at 1330BST / 1430CET / 0830ET as the bank look to continue its ‘fight’ against inflation. CPI is tracking at its highest level since June 1998, diverging significantly from the CNB’s 3-percent upper tolerance band.
  • Full preview here: https://marketnews.com/mni-cnb-preview-march-2022-...
  • Czech GDP data came in slightly below forecast, with the final print for Q4 2021 revised lower to 0.8% vs. Exp. 0.9%. Y/Y was unchanged at 3.6%.
  • The Polish finance ministry are due to release their Q2 and April bond auction plans at 3pm local time (1400BST/0900ET)
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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