Free Trial

Implied Probability of a Rate Hike On June 23 Slightly Above 50%

CZECHIA
  • CNB board split for next policy meeting on June 23; while some policymakers are in favor for a rate hike next week, others are still pushing for a first hike on August 5 (as originally 'planned').
  • Implied probability of a rate hike (according to MM) slightly above 50%.
  • The chart below shows that the Czech FRA (1M/4M tenor) - Pribor 3M spread is currently trading at 14bps.

Source: Bloomberg/MNI

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.