BOC WILL BE CONSDIERING FURTHER RATE CUTS

BOC DOESN'T SEE A RECESSION, RATHER SLOW GROWTH

BOC SAYS WEAKER CAD DRIVEN BY USD STRENGTH

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

BOC CUTS RATE 50BPS TO 3.25%, SEES GRADUAL APPROACH FROM HERE

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Inflation Accelerates In January, CNB Unlikely To Cut Rates Before Q3

CZECHIA
  • Czechia's headline consumer inflation accelerated more than forecast to +17.5% Y/Y in January from +15.8% prior (est. +17.1%) amid what the central bank sees as a temporary spike in price pressures. Prices rose 6.0% M/M after a flat reading in December. The CNB will comment on the release at 13:00CET/12:00GMT.
  • Meanwhile, the minutes of the Bank Board's February monetary policy meeting showed that members assessed that inflation should fall to single digits in the second half of the year but most did not expect a decline in interest rates at least until Q3.
  • Finance Minister Zbynek Stanjura told Seznam Zpravy that the time has come to implement austerity measures and the government will need to explain them to the public. He noted that coalition partners are yet to agree on specific steps.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.