October 10, 2023 07:04 GMT
Inflation Undershoots Consensus & CNB Forecast
The CZSO released consumer inflation data for September:
- CPI +6.9% Y/Y (BBG median est. +7.5%; CNB forecast +7.2%)
- CPI -0.7% M/M (BBG median est. -0.2%)
The Czech koruna has taken a hit as weaker than expected CPI data support the case for an earlier start to the CNB's rate-cutting cycle.