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CZECHIA: CNB Meeting Next Week a Close Call

CZECHIA
  • CNB Meeting (Thursday): Several Bank Board members admitted that June’s rate decision will be between a 25bp and 50bp cut, making it a close call. Most analysts seem to believe that the pace of monetary easing could be reduced already this month, albeit both options are on the table. In any case, Governor Ales Michl will likely deploy his characteristic hawkish rhetoric, flagging the need to keep monetary policy settings restrictive for longer.

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