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Czechia To Report Budget Balance

CZECHIA
  • Analysts and entrepreneurs polled by Hospodarske Noviny expect EUR/CZK to strengthen to 24.50 by the end of the year. The rate currently trades at 23.93.
  • Czechia's July S&P Manufacturing PMI will be published at 08:30BST/09:00CEST. Headline index may have slipped to 40.1 from 40.8 recorded in June.
  • Later in the day, at 13:00BST/14:00CEST, the Finance Ministry will publish YtD budget balance. Fiscal shortfall narrowed to CZK215.4bn in June, but this was due to seasonal factors. The government's fiscal deficit target for the full year is CZK295bn.
  • As a reminder, the CNB will announce its monetary policy decision on Thursday. The Bank Board is universally expected to keep the 2-week repo rate unchanged at 7.00%.

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