September 10, 2024 14:26 GMT
CZECHIA: CNB's Zamrazilova Says No Reason to Halt Easing Cycle
CZECHIA
- "ZAMRAZILOVA: NO REASON TO HALT CZECH EASING BUT NO JUMBO' CUTS"
- "ZAMRAZILOVA: CZECHS NEED TO BE VERY CAREFUL' WITH FUTURE CUTS" - BBG
As a reminder, Czech inflation stayed at +2.2% Y/Y in August, beating the +2.0% consensus forecast (and the CNB's older +1.8% forecast). The short-lived nature of the koruna's reaction might stem from the fact that the upside surprise was largely limited to volatile items (specifically food).
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