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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
- We have seen in recent days that a rising number of sell-side firms are now expecting more rate hikes in the CEE region to tame inflation.
- The severe depreciation in CZK this week (especially overnight) is putting CNB policymakers in a difficult position as kurona weakness keeps supporting inflation expectations.
- An upward revision in the terminal rate could levitate Czech ST rates and therefore accelerate the economic slowdown this year.
- This chart shows that the 2-year change in the Czech 2Y yield has strongly led the industrial production by 6 months (proxy for economic growth).
Source: Bloomberg/MNI
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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