Free Trial

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).

68 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.
  • "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).