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CNB to Present Forecasts to Industry Today

CZECHIA
  • Yesterday’s CNB decision was unchanged, alongside expectations, with 2 members of the board (likely Mora and Holub) opting for a 75bps rate rise. The bank’s forecasts show a board that’s becoming increasingly concerned over recession risks, which are clearly being prioritised over the inflationary threat at this stage.
  • Bank officials are to present the new forecasts to market analysts later today at 11am local time (1000GMT / 0600ET).
  • Elsewhere, parliament convenes to debate proposals over a windfall tax on industry, with the levy seen coming into effect on 2023 profits.
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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