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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.
Czech National Bank
Executive Summary:
- CNB expected to raise its benchmark rate by 0.25% to 0.5%
- Five of the seven MPC members are likely to vote for a hike at this meeting
- The start of a tightening cycle should limit the risk of economy overheating
- Traders could continue to chase CZK as CNB starts raising rates
- Uncertainty remains high in the EM market due to Delta variant
See full preview here:
MNI Czech CB Preview June 2021.pdf
The Czech National Bank is expected to raise its benchmark rate by 0.25% to 0.5% at its next meeting on June 23. Even though it was previously expected that policymakers will wait for summer inflation projections before starting a tightening cycle, the recent hawkish comments from MPC board members have moved the expectations from August to June policy meeting.
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.
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