BOC WILL BE CONSDIERING FURTHER RATE CUTS

BOC DOESN'T SEE A RECESSION, RATHER SLOW GROWTH

BOC SAYS WEAKER CAD DRIVEN BY USD STRENGTH

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

BOC CUTS RATE 50BPS TO 3.25%, SEES GRADUAL APPROACH FROM HERE

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

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

EURCZK Briefly Records New Daily Low Following Zamrazilova Comments

CZK
  • Comments from CNB Vice Governor Zamrazilova have recently crossed wires. Zamrazilova said faster disinflation may prompt larger rate cuts, while noting that if inflation remains persistent, cuts may be halted.
  • The comments provided some brief downside momentum to EURCZK. However, the cross has since recovered after reaching a new daily low of 24.714 immediately as the comments crossed, and is trading marginally in the red at typing.
  • Yesterday’s lows of 24.686 will be the immediate target for bears. A dip through Jan 8 low of 24.458 would further support the case for a bearish correction.
  • Zamrazilova reaffirmed her familiar views on interest rates and inflation earlier today, noting that she expects rates to fall at every coming meeting, depending on how fast price pressures cool.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.