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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.
CZECHIA
- The Czech government is considering several options how to curb retail prices of diesel and gasoline, including a reduction in excise and value-added taxes (BBG).
- Czech Premier Petr Fiala and his counterparts from Poland, Hungary and Slovakia are scheduled to discuss European security with U.K. Prime Minister Boris Johnson in London (BBG).
- This morning, economic data showed that Czech unemployment rate fell to 3.5% in February (down from 3.6% the previous month).
- International reserves rose to 176.30bn USD in February, up from revised 174.30bn the previous month.
- We recently showed that Czech Republic has historically been known to be one of the countries with the highest level of FX reserves.
- They are currently estimated to be at 70% of the country’s GDP, far above the EM range of 20%/40%.
- One interesting measure that analysts have followed over time has been the number of months of imports covered by foreign reserves.
- This chart (source: Bloomberg/CEE Central Banks) shows that Czech Republic remains far ahead in the CEE region, with total reserves covering over a year of imports.
Source: Bloomberg/CEE central banks
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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