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Michl Leaves All Options Open For Next Two Meetings, Parliament Debates No-Confidence Motion

  • CNB Governor Ales Michl confirmed that the central bank began the discussion on rate-cutting strategy and said that the door is open for every option in the next two Bank Board meeting, although he won't make any commitments. The official noted that the fight against inflation is not over as price growth remains elevated, adding that Czech policymakers will "remain hawks" regardless of whether they lower rates by the end of this year. As a reminder, Michl as well as Deputy Governor Jan Frait and Bank Board's Jan Kubicek all participate in the CNB Discussion Forum today.
  • The Chamber of Deputies will start a debate on a no-confidence motion against Prime Minister Petr Fiala's government at 09:00BST/10:00CEST. The motion is widely expected to fail but the opposition will get a chance to grill ministers over their handling of a variety of issues. Speaking ahead of the debate, ANO's Alena Schillerova said that her party is ready to take power, but not together with the right-wing SPD.

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