Free Trial

CNB Seen Holding Rates, But Any Cut Proposals Will Be Carefully Watched

CZECHIA
  • The CNB decision takes focus Wednesday, with the bank universally expected to keep the two-week repo rate unchanged at 7.00%. The announcement is set for 2.30pm local time (1330BST) with a press conference at 3.45pm local (1445BST).
  • The board are seen sticking with its cautious stance even as latest local data outturns have remained slightly dovish on balance. However, policymakers have indicated that they might discuss the strategy for future monetary easing as soon as this week.
  • Any fresh comments shedding light on the trajectory of the upcoming rate-cut cycle will be closely watched, in the absence of fresh macroeconomic forecasts.
  • The Czech cabinet are set to approve the drafts of the 2024 budget at 2pm local time (1300BST). The draft proposals are expected to be signed off with little difficulty.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.