Free Trial
FOREX

USD Off Smalls, A$ Underperforms

IDR

USD/IDR Staying Close To 15000

JGBS

A Muted Morning

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

More Hikes Possible At Next Meetings

CZECHIA
  • According the CNB statement, there is a possibility to see more rate hikes at the next meetings following today's surprising decision (75bps hike vs. 50bps expected).
  • 5 policymakers voted for a rate hike today
    • Dedek and Michl are likely to be the dovish ones.
  • The CNB added that the baseline forecast implied even bigger rate increase.
  • EURCZK has been trending lower following the decision, currently testing its 24.50 support.
  • The central bank raised its average inflation estimate for this year to 13.1% (vs. 8.5%) and to 4.1% for 2023 (vs. 2.3%).
  • Rusnok expects slight contraction in H2.
93 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • According the CNB statement, there is a possibility to see more rate hikes at the next meetings following today's surprising decision (75bps hike vs. 50bps expected).
  • 5 policymakers voted for a rate hike today
    • Dedek and Michl are likely to be the dovish ones.
  • The CNB added that the baseline forecast implied even bigger rate increase.
  • EURCZK has been trending lower following the decision, currently testing its 24.50 support.
  • The central bank raised its average inflation estimate for this year to 13.1% (vs. 8.5%) and to 4.1% for 2023 (vs. 2.3%).
  • Rusnok expects slight contraction in H2.