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Households To Receive One-off Payment To Cope With Inflation

CZECHIA
  • Ukrainian President Volodymyr Zelenskiy is scheduled to make a video address to Czech lawmakers (BBG).
  • Households with income up to 1m CZK per year will receive a one-off payment of 5,000 CZK per child to help families cope with the elevated inflation.
  • EURCZK has been retracing higher in the past week, gradually approaching its ST key resistance at 24.77.
    • Next level to watch on the topside stands at 24.7980, which corresponds to the 61.8% Fibo retracement of the 24.09 – 25.94 range.
    • On the downside, support to watch stands at 24.6680.

Source: Bloomberg

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