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CZECHIA: Current Account Balance On Tap

CZECHIA
EM BulletBulletGlobalEmerging Market NewsCentral and Eastern EuropeRegionCzechia
  • Commenting on the recent minimum reserve requirement ratio hike, Czech National Bank (CNB) Governor Alex Michl wrote on X that the "financial system is stable, banking sector is competitive, that's why I don't expect an impact on clients." the official noted that the decision will lower the cost of conducting monetary policy.
  • New Industry and Trade Minister Lukas Vlcek said that the departure of the Pirate Party from the ruling coalition was a "strategic mistake" and the government cannot afford another crisis. He pointed to the fact that "in many regions, we lack the Pirates' mandates to form coalitions."
  • Czechia's August current account balance will be released at 09:00BST/10:00CEST. Consensus looks for a deficit of CZK5.17bn.
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  • Commenting on the recent minimum reserve requirement ratio hike, Czech National Bank (CNB) Governor Alex Michl wrote on X that the "financial system is stable, banking sector is competitive, that's why I don't expect an impact on clients." the official noted that the decision will lower the cost of conducting monetary policy.
  • New Industry and Trade Minister Lukas Vlcek said that the departure of the Pirate Party from the ruling coalition was a "strategic mistake" and the government cannot afford another crisis. He pointed to the fact that "in many regions, we lack the Pirates' mandates to form coalitions."
  • Czechia's August current account balance will be released at 09:00BST/10:00CEST. Consensus looks for a deficit of CZK5.17bn.