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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.
CZECHIA
- This week, the CNB is expected to raise its benchmark rate by 75bps to 4.5% (Feb 3).
- Even though further tightening is likely to lead to more downward revision in growth expectations, the majority of Czech policymakers have made it clear that they will continue to hike rates if inflationary pressures remain elevated.
- Momentum on CZK has remained firm ahead of the meeting; EURCZK keeps testing new lows, gradually approaching its key support at 24.20. Next level to watch on the downside stands at 24.
- This morning, economic data showed that the economic activity accelerated by 3.6% YoY in Q4 2022, more than expected (2.9%), up from 3.3% the previous quarter.
- Manufacturing PMI came in slightly lower than expected at 59 (vs. 60.5), down from 59.1 the previous month.
Source: Bloomberg
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.
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