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JPM Sees Rates On Hold Through to H2 2023

CZECHIA
  • Following Thursday’s unchanged CNB rate decision, JPM write that the board decision was likely the most uneventful in a number of years.
  • They add that there was very little new information and it seems the board is riding the favourable wave of the last few CPI downside surprises, protected by the comfortable FX reserve position, and only a big shake-up can pull it out of its wait-and-stay-dovish stance. JPM expect no rate moves until 2H23.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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