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CZECHIA: Czechia Reports Current Account Balance

CZECHIA
EM BulletBulletGlobalEmerging Market NewsCentral and Eastern EuropeRegionCzechia
  • Finance Minister Zbynek Stanjura told Denik N that Czechia's public finances healthier than in neighbouring countries, with the government expected to make a final decision on the draft 2025 state budget on September 25. Stanjura said that next week should bring a definitive end to political negotiations surrounding the spending plan. He also played down the potential of the upcoming regional elections to shake up the domestic political scene.
  • The Czech National Bank (CNB) left the countercyclical buffer (CCyB) rate unchanged at 1.25%, based on the "assessment of cyclical risks, which remain stable even as the Czech economy gradually shifts to the start of the expansionary phase of the financial cycle."
  • Czechia's central bank will release data on July current account balance at 09:00BST/10:00CEST. Consensus looks for a deficit of CZK20.65bn, which would narrower than the CZK48.25bn deficit recorded in June.
  • Prime Minister Petr Fiala and Interior Minister Vit Rakusan will brief the media at 10:00BST/11:00CEST on the risks of heavy rain and flooding.
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  • Finance Minister Zbynek Stanjura told Denik N that Czechia's public finances healthier than in neighbouring countries, with the government expected to make a final decision on the draft 2025 state budget on September 25. Stanjura said that next week should bring a definitive end to political negotiations surrounding the spending plan. He also played down the potential of the upcoming regional elections to shake up the domestic political scene.
  • The Czech National Bank (CNB) left the countercyclical buffer (CCyB) rate unchanged at 1.25%, based on the "assessment of cyclical risks, which remain stable even as the Czech economy gradually shifts to the start of the expansionary phase of the financial cycle."
  • Czechia's central bank will release data on July current account balance at 09:00BST/10:00CEST. Consensus looks for a deficit of CZK20.65bn, which would narrower than the CZK48.25bn deficit recorded in June.
  • Prime Minister Petr Fiala and Interior Minister Vit Rakusan will brief the media at 10:00BST/11:00CEST on the risks of heavy rain and flooding.