MNI China Daily Summary: Friday, December 27

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CZECHIA: Kubicek Concerned Over Core Inflation Path

CZECHIA
EM BulletBulletEmerging Market NewsCentral and Eastern EuropeCzechia
  • Speaking to Bloomberg earlier this morning, CNB’s Kubicek noted that he mulls pausing rate cuts on inflation risks, expressing concern over the core inflation outlook. While a pause in rate reductions is possible in December, “all options open” for the February decision.
  • Meanwhile, CPI for November came in below expectations,  the softer than expected monthly, and yearly prints puts pause to the uptick in Y/Y CPI off mid-year lows, with monthly momentum stalling.
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  • Speaking to Bloomberg earlier this morning, CNB’s Kubicek noted that he mulls pausing rate cuts on inflation risks, expressing concern over the core inflation outlook. While a pause in rate reductions is possible in December, “all options open” for the February decision.
  • Meanwhile, CPI for November came in below expectations,  the softer than expected monthly, and yearly prints puts pause to the uptick in Y/Y CPI off mid-year lows, with monthly momentum stalling.