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Parliament Resumes Debate On Pensions, S&P Global M'fing PMI Due Shortly

CZECHIA
  • The Chamber of Deputies resumes its debate on the contentious pension bill proposed by the government. The legislation would slow the pace at which pensions are automatically increased. In order to fast-track its adoption, the government controversially implemented a "state of legislative emergency," which effectively shortens parliamentary debate. The opposition cried foul and threatened to file a complaint to the Constitutional Court.
  • Seznam Zprawy reports that CNB Governor Ales Michl has still not been subject to a routine security clearance despite applying for it nine months ago. While the background check is not necessary for Michl to perform his day-to-day duties, all of his predecessors went through the procedure, which allowed them to access classified information in case a national emergency arose.
  • S&P Global will shortly release Czechia's Manufacturing PMI reading for February. It is expected that headline index may have edged higher to 45.0 from 44.6.
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