CANADA DEC FLASH RETAIL SALES +1.6%, FASTEST IN NEARLY TWO YRS

MNI BRIEF: BOS's Escriva Calls For Gradual Moves To Neutral H1

MNI: UK JAN CBI INDUSTRIAL TRENDS TOTAL ORDERS -34

MNI CBRT WATCH: Turkey CenBank Cuts 1W Repo 250Bps As Expected

MNI China Daily Summary: Thursday, January 23

MNI BRIEF: China To Remain Second Largest Import Market

MNI: CANADIAN NOV RETAIL SALES +0.0%; SALES EX-AUTOS/PARTS -0.7%

MNI: US JOBLESS CLAIMS +6K TO 223K IN JAN 18 WK

MNI: CANADIAN NOV RETAIL SALES +0.0%; SALES EX-AUTOS/PARTS -0.7%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CZECHIA: CNB's Zamrazilova Reiterates That There's Still Room For Rate Cuts

CZECHIA
EM BulletBulletEmerging Market NewsCentral and Eastern EuropeCzechia
  • CNB Deputy Governor Eva Zamrazilova wrote in a piece re-circulated via the CNB's website that "the most common emotion surrounding the outlook for this year is cautious optimism for the Czech Republic," as earlier shocks are finally subsiding and the economy is returning to normalcy, which should bring about a long awaited period of relative stability. She noted that "current and expected developments in the real estate market, in addition to the persistently increased services inflation, is one of the reasons why the CNB should be cautious in further reducing interest rates, although there is certainly still room for it."
    • Zamrazilova said earlier this month that she sees potential for a rate cut in early 2025 after inflation accelerated less than expected into the end of 2024.
  • Seznam Zpravy reported that recent opinion polls suggest that Deputy PM Rakusan's Mayors and Independents (STAN) might challenge PM Fiala's Civic Democratic Party (ODS) to become the most popular party in the governing coalition. This may generate tensions in the coalition as it struggles to win back public confidence as the election year goes underway, while the threat posed by ex-PM Babis's ANO party remains high. Furthermore, ODS will contest the election as part of the SPOLU pact, which it can use to leverage its negotiating position during potential coalition talks.
  • Industry and Trade Minister Lukas Vlcek accused Slovakia of refusing to use available options that would help it reduce dependence on Russian gas imports. He told E15 that any further strengthening of Slovak-Russian ties would be a significant national security threat to Czechia.
258 words

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.
  • CNB Deputy Governor Eva Zamrazilova wrote in a piece re-circulated via the CNB's website that "the most common emotion surrounding the outlook for this year is cautious optimism for the Czech Republic," as earlier shocks are finally subsiding and the economy is returning to normalcy, which should bring about a long awaited period of relative stability. She noted that "current and expected developments in the real estate market, in addition to the persistently increased services inflation, is one of the reasons why the CNB should be cautious in further reducing interest rates, although there is certainly still room for it."
    • Zamrazilova said earlier this month that she sees potential for a rate cut in early 2025 after inflation accelerated less than expected into the end of 2024.
  • Seznam Zpravy reported that recent opinion polls suggest that Deputy PM Rakusan's Mayors and Independents (STAN) might challenge PM Fiala's Civic Democratic Party (ODS) to become the most popular party in the governing coalition. This may generate tensions in the coalition as it struggles to win back public confidence as the election year goes underway, while the threat posed by ex-PM Babis's ANO party remains high. Furthermore, ODS will contest the election as part of the SPOLU pact, which it can use to leverage its negotiating position during potential coalition talks.
  • Industry and Trade Minister Lukas Vlcek accused Slovakia of refusing to use available options that would help it reduce dependence on Russian gas imports. He told E15 that any further strengthening of Slovak-Russian ties would be a significant national security threat to Czechia.