November 04, 2024 08:20 GMT
CZECHIA: CNB Rate Decision Eyed This Week
CZECHIA
- E15 circulated a piece arguing that the proposed overhaul of the pension system would negatively affect the incomes of future pensioners. Although pensions will continue to grow, the increases will be smaller than under the current system. Labour and Social Affairs Minister Marian Jurecka said that the reform "cannot be postponed any longer," arguing that the current system is unsustainable.
- Main opposition ANO's Karel Havlicek called on party members not to become complacent after the recent electoral triumphs ahead of the most consequential 2025 parliamentary election. The party tops opinion polls but may struggle to win an outright majority, which would force it to seek coalition partners.
- The Czech National Bank (CNB) will announce its monetary policy decision on Thursday, with consensus looking for another 25bp cut. There is one dissenter in Bloomberg's survey calling for a pause in monetary easing.
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