- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessKoruna Appreciates To New Cyclical Highs, CNB Speak Under Microscope
EUR/CZK refreshed its multi-year lows today, bottoming out at CZK23.600, as CNB Governor Michl reiterated his support for a strong exchange rate. When this is being typed, EUR/CZK operates -0.013 at CZK23.633, with bears keeping an eye on Aug 1, 2008 low of CZK23.445. Bulls look for recovery past the 50-DMA at CZK23.907.
- Separately, CNB's Tomas Holub suggested that he might repeat his vote for a 50bp rate hike at the Bank Board meeting on March 29, depending on the incoming inflation and wage growth data. Holub's call for higher interest rates is a dissenting opinion in the Bank Board, where most members prefer rate stabilisation.
- President-elect Pavel expressed his doubts about the government's plan to slow the indexation of pensions, which will be presented in parliament tomorrow. Pavel said he will outline his position in more detail after taking office on March 9.
- CZG yields are generally lower across the curve, while the PX index has inched higher.
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why Subscribe to
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.