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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.
CZECHIA
Executive Summary:
- The CNB is likely to raise its benchmark rate by 75bps to 4.5% on Feb 3
- CNB forecasts inflation to surge up to 9% in January and could reach double-digit levels for a few months in Q1 2022
- The aggressive CNB tightening cycle continues to support the Czech koruna against major crosses amid traders chasing the interest rate differential
Link to full preview:
The Czech National Bank is likely to raise its benchmark rate by 75bps to 4.5% at its next meeting on February 3rd to curb the inflationary pressures, which are expected to remain elevated longer than what policymakers previously estimated. The FRA 1Mx4M has been oscillating around 60bps above the Pribor 3M in the past month, implying that the market has been pricing in between two and three 25bps hikes for the February meeting.
Source: Blommberg/MNI
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.
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