Free Trial

MNI CNB Preview - September 2021: CNB To Hike By 50bps

Czech National Bank

Executive Summary

  • CNB to raise its policy rate by 50bps on September 30
  • A rising number of CNB members have mentioned that a bigger rate hike may be necessary to curb the inflationary pressures
  • Inflationary pressures are expected to remain elevated until early 2022
  • 'Hawkish' CNB keeps supporting CZK against major crosses and Czech equities

Check full preview here:

CNB Preview Sep 30.pdf


The Czech National Bank is expected to raise its benchmark rate by 50bps to 1.25% at its next meeting on September 30, following two consecutive 25bps hikes. Even though the uncertainty over the economic recovery remains elevated, we saw that a rising number of CNB members have mentioned that a bigger rate hike may be necessary to curb the inflationary pressures.


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.