Free Trial

CNB To Hike Benchmark Rate By 75bps on December 22

CZECHIA
  • A new government took power in the Czech Republic, pledging to trim spending, raise vaccination rates and address soaring energy prices as it ends seven years of political dominance of a former billionaire premier (BBG).
  • President Zeman recently appointed the coalition government led by Civic Democrat leader Petr Fiala.
  • Economists expect the CNB to raise it benchmark rate by 75bps to 3.5% on Wednesday (Dec 22) to curb inflationary pressures.
  • Monetary policy divergence between CNB and ECB could continue to support the kurona in the medium term.

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.