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Economy Expands By 3.1% YoY in Q3

CZECHIA
  • This morning, economic data showed that Czech economy expanded by 3.1% YoY in the third quarter, up from 2.8% from the previous estimate.
  • The Finance Ministry also reported that foreigners held 29.95% of Czech state koruna bonds in the end of October.
  • Despite the rising Covid uncertainty and the inverted 2Y10Y yield curve, CNB policymaker Mora recently mentioned that the central bank is ready to keep raising rate in line with the fall forecast.
  • The CNB will comment on GDP data at 12pm (London time).

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