Free Trial

Five Policymakers Voted For a 75bps Hike Today

CZECHIA
  • Five policymakers (out of seven) voted for a 75bps hike at today's CNB meeting.
  • The CNB sees significantly inflationary risks to the economic outlook.
  • Next inflation forecasts will be key for more tightening pace.
  • Next inflation print is coming out on October 11.
  • CNB Rusnok told in a press conference that there is a strong upward Czech inflation risk for several quarters.
  • Rusnok also added that there are signs that Czech labor market is overheating again.
Link to CNB statement:

https://www.cnb.cz/en/monetary-policy/bank-board-d...

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.