MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

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

Eva Zamrazilova Pushes Back Against Excessive Rate-Cut Bets

CNB

CNB Deputy Governor Eva Zamrazilova was yet another policymaker taking the floor today, as she tweeted that she "can't imagine" cutting interest rates before she is confident that inflation is heading towards the +2% Y/Y target in a sustainable manner.

  • Zamrazilova also doubled down on the CNB's pushback against dovish market bets, calling them "excessive" and reminding that "the central bank has warned several times that they will not materialise."
  • She was replying to a post from Czech Bank Association Chief Economist, who wrote that market reaction to Zamrazilova's comments last week (flagging expectations of a weaker CZK and shifting to rate-cut discussion going forward) was unjustified.
  • CBA's Jakub Seidler wrote that Zamrazilova's comments were "nothing new," so "the market is probably reading between the lines what it wants to hear." He added that market pricing of over 100bp worth of rate cuts by the end of 2023 is "extreme."
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.