MNI: PBOC Net Injects CNY25.7 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1897 Thurs; -2.25% Y/Y

MNI: PBOC Net Drains CNY195.3 Bln via OMO Wednesday

MNI JAPAN NOV FACTORY OUTPUT DROPS 2.3% M/M; OCT +2.8%

MNI JAPAN NOV JOBLESS RATE AT 2.5%, UNCHANGED FROM OCT

MNI JAPAN DEC TOKYO CORE CPI +2.4% Y/Y; NOV +2.2%

MNI: US JOBLESS CLAIMS -1K TO 219K IN DEC 21 WK

MNI: US REDBOOK: DEC STORE SALES +5.0% V YR AGO MO

MNI: US DEC PHILADELPHIA FED NONMFG INDEX -6

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CZECHIA: Fiala To Meet With New Pirate Party Head, CNB Keeps CCyB Rate Unchanged

CZECHIA
EM BulletBulletEmerging Market NewsCentral and Eastern EuropeCzechia
  • The Czech National Bank (CNB) unanimously decided to leave the countercyclical buffer (CCyB) rate unchanged at 1.25%. However, the central bank said that it "expects [the cyclical risks in the banking sector’s balance sheet] to increase gradually over the outlook horizon of its autumn forecast." Bank Board's Karina Kubelkova warned that "if the economy continues to move into the growth phase of the financial cycle, the CNB is ready to increase the buffer rate." The central bank will publish its full Financial Stability Report – Autumn 2024 alongside the minutes of yesterday's meeting on December 13.
  • The cabinet refrained from appointing a special coordinator for the adoption of the euro, having failed to agree on a proposal raised by junior coalition party STAN. Prime Minister Petr Fiala's ODS party is known to be sceptical of joining to eurozone, while opinion polls suggest that the sentiment is shared by the wider public.
  • Lidove Noviny reported that Prime Minister Fiala was due to meet with new Pirate Party leader Zdenek Hrib. Fiala recently told CTK that his "hand remains extended" to the Pirates and his "arms are open," noting that he regretted their abrupt exit from the ruling coalition.
  • Later in the day, the Prime Minister will lead a press conference on the fulfilments of the targets of his government, marking the third anniversary of the day when he took office.
226 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.
  • The Czech National Bank (CNB) unanimously decided to leave the countercyclical buffer (CCyB) rate unchanged at 1.25%. However, the central bank said that it "expects [the cyclical risks in the banking sector’s balance sheet] to increase gradually over the outlook horizon of its autumn forecast." Bank Board's Karina Kubelkova warned that "if the economy continues to move into the growth phase of the financial cycle, the CNB is ready to increase the buffer rate." The central bank will publish its full Financial Stability Report – Autumn 2024 alongside the minutes of yesterday's meeting on December 13.
  • The cabinet refrained from appointing a special coordinator for the adoption of the euro, having failed to agree on a proposal raised by junior coalition party STAN. Prime Minister Petr Fiala's ODS party is known to be sceptical of joining to eurozone, while opinion polls suggest that the sentiment is shared by the wider public.
  • Lidove Noviny reported that Prime Minister Fiala was due to meet with new Pirate Party leader Zdenek Hrib. Fiala recently told CTK that his "hand remains extended" to the Pirates and his "arms are open," noting that he regretted their abrupt exit from the ruling coalition.
  • Later in the day, the Prime Minister will lead a press conference on the fulfilments of the targets of his government, marking the third anniversary of the day when he took office.