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Finance Minister To Discuss Fiscal Consolidation, State Budget

  • EUR/CZK rallied to 24.187 yesterday, reaching its highest point since the beginning of the year, as koruna depreciation trend continued. Market participants await this week's monetary policy decisions from the Fed and the ECB, which will be followed by a CNB Bank Board meeting next week.
  • Lidovky reports that the Ministry of Labour and Social Affairs is preparing an overhaul of the social benefits system, which will involve merging and simplifying benefits, as well as boosting the screening of the financial situation of applicants.
  • Finance Minister Zbynek Stanjura will discuss the government's fiscal consolidation package and stage budget in a live broadcast programme hosted by Seznam Zpravy this afternoon.
  • The CNB will publish changes to its balance sheet in the 10 days ended July 20 at 12:00BST/13:00CEST.

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