Free Trial
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.
CZECHIA
- Yesterday, economic data showed that inflation accelerated to 11.1% YoY in February, the fastest pace since June 1998 (vs. 10.4% exp), up from 9.9% the previous month.
- The surge in inflation has been mostly driven by the rise of food, energy and fuels prices.
- CNB reported that core inflation accelerated to a record 10.4%.
- We have seen that policymakers are trying to limit their ‘aggressive tightening policy’ as further hikes will lead to a significant deceleration in the economic activity.
- The chart below shows that the surge in ST rates has been pricing in a significant slowdown in Czech economic activity.
- This week, CNB Governor Rusnok said on public radio that he cannot predict next rate decision; any future hike would be considered 'cosmetic fine-tuning'.
Source: Bloomberg/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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok