MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI: US NOV FINAL DEMAND PPI +0.4%, EX FOOD, ENERGY +0.2%

MNI: CANADIAN OCT BUILDING PERMITS -3.1% MOM

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 Of A Technical Recession Are Rising Amid Inverted Yield Curve

CZECHIA
  • Market prepares for CNB meeting next week (Nov 4), with policymakers likely to debate whether the central bank should hike by 50bps or 75bps.
  • The CNB surprised the market at its last meeting (Sep 30) by raising the policy rate by 75bps (vs. 50bps exp.) to 1.5% to curb the rising inflationary pressures.
  • As inflationary pressures are expected to remain elevated until at least the end of this year, participants continue to price in aggressive hikes in the coming meetings.
  • However, the government recently decided to reintroduce some restrictions amid rising Covid cases, which could lead to a significant downward revision in growth expectations.
  • We saw that the Czech 2Y10Y yield has recently inverted, therefore increasing the odds of an economic downturn.
  • This morning, economic data showed that Czech economy decelerated by 2.8% YoY in the second quarter (vs. 3.2% exp.), down from 8.1% the previous quarter.
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.