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Off'ls Upbeat About Economy, PX Index Tests 1,550

CZECHIA
  • The rhetoric from Czech officials, both from the Finance Ministry and the CNB, was rather optimistic yesterday. Minister Zbynek Stanjura declared that the "crisis is over" as the government raised the growth outlook and lowered its inflation projection for this year. Separately, CNB staff pointed to at-target March CPI print (+2.0% Y/Y), noting that core CPI (+2.7% Y/Y) was "somewhat lower than forecasted" and suggesting that "inflation will be close to the +2.0% Y/Y target throughout this year."
  • The Chamber of Deputies will hold an extraordinary debate initiated by the main opposition ANO party about alleged corruption cases.
  • Czechia's equity benchmark PX Index attacked another psychological barrier yesterday (1,550) and is operating near its best levels since 2008.
  • For the record, the CNB's Bank Board holds a weekly non-monetary policy meeting today.
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