Free Trial
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.
Czech National Bank
Executive Summary:
- The CNB is likely to proceed with another 75bps hike on November 4 despite rising uncertainty
- The Czech 2Y10Y yield curve inverted in the end of October, increasing the odds of an economic downturn
- Sharp deceleration in the economic activity may pressure the CNB to slow down or pause the pace of its tightening cycle after this meeting
Link to full preview:
The Czech National Bank is likely to proceed with another 75bps hike on November 4, which would levitate the benchmark rate to 2.25%. Even though the probability of a smaller hike (i.e. 50bps) is clearly non-negligible, it is very unlikely that the CNB will surprise again at this meeting with a bigger hike than 75bps, considering that the Covid uncertainty will certainty impact growth expectations.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok