FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Odds For a 50bps Hike on at the Next CNB Meeting Are Rising

CZECHIA
  • Czech Prime Minister Andrej Babis', ANO party, would win the most votes if elections were held this month, according to the latest poll (STEM survey for CNN Prima gives Babis's ANO 32.4%, Spolu 20%). The Czech Republic will hold general elections on Oct. 8-9, with no single party or coalition likely to win an outright majority (BBG).
  • Odds for a 50bps hike at the next CNB meeting (September 30) have been rising following the positive surprise in inflation last week (CPI inflation rose to 4.1% in August vs. 3.6% expected).
  • CNB Governor said in a recent interview that he 'cannot rule out' a bigger than 25bps hike in the coming meeting if the central bank's new inflation forecast indicates that such move is needed.
  • Following the completion of the capital buffers and risk profiles of individual banks, the CNB said that it will no longer restrict bank dividend payments.
  • This morning, economic data showed that the current account deficit came in larger than expected in July at -19.4bn CZK (vs. -14.7bn exp.), down from revised -10.07bn the previous month.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.