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

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: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

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

Koruna Ignores CNB Inflation Comments After Fleeting Reaction To Russian Missile Headlines

CZK

EUR/CZK has ignored the central bank's comments on the January inflation figures published today. The pair last deals +0.004 at CZK23.706, remaining in the vicinity of 15-year lows.

  • The central bank said that annual inflation "was just 0.1 percentage point lower than the CNB’s winter forecast," as "administered prices rose somewhat more slowly than predicted." In addition, "core inflation recorded a sharper slowdown compared with the forecast, whereas food prices increased more rapidly."
  • As a reminder, inflation accelerated to +17.5% Y/Y in January from +15.8% recorded in December, exceeding the +17.1% consensus forecast.
  • The brief spike in EUR/CZK this morning was caused by reports suggesting that a Russian missile may have crossed over Romania, which was later denied by Bucharest. The likes of PLN and HUF came under pressure in sympathy with CZK.
EM BulletHomepageCEEMEABulletEmerging Market News
EM BulletHomepageCEEMEABulletEmerging Market News

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.