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Economic Sentiment In Czechia Deteriorates

CZECHIA
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  • Overall economic sentiment in Czechia slipped to 96.4 in May, missing the consensus forecast of 97.3. Both key gauges of sentiment missed consensus calls, with consumer confidence declining to 101.6 (versus 104.7 expected) and business confidence edging lower to 95.4 (versus 96.5 expected).
  • In a presentation with forecasts of economic developments and monetary policy in Czechia, CNB's Tomas Holub said that the upside surprise in April inflation was driven "almost exclusively [by] food prices," but otherwise inflation is expected to stay within the target range.
  • President Petr Pavel was injured while riding a motorcycle. The Castle said that his injuries were not serious but he will be hospitalised for several days as a precautionary measure.
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  • Overall economic sentiment in Czechia slipped to 96.4 in May, missing the consensus forecast of 97.3. Both key gauges of sentiment missed consensus calls, with consumer confidence declining to 101.6 (versus 104.7 expected) and business confidence edging lower to 95.4 (versus 96.5 expected).
  • In a presentation with forecasts of economic developments and monetary policy in Czechia, CNB's Tomas Holub said that the upside surprise in April inflation was driven "almost exclusively [by] food prices," but otherwise inflation is expected to stay within the target range.
  • President Petr Pavel was injured while riding a motorcycle. The Castle said that his injuries were not serious but he will be hospitalised for several days as a precautionary measure.