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 INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

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

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

Policymakers Signal 75bps Hike in June Could Mark Top of Rates Cycle

CZECHIA
  • Speaking in a television interview yesterday, CNB’s Holub said that the bank needs to tighten policy further next month in order to keep fighting runaway inflation. Holub was asked directly about markets pricing a 75bps hike at the June 22nd meeting, to which he responded it was a “realistic prediction”.
  • A 75bps hike would be on par with the pace set at the May meeting, at which the CNB raised rates by 75bps to 5.75% - against consensus of a 50bps hike. On Friday, policymaker Nidetzky indicated a June rate hike could be the last of the tightening cycle, with rates high enough to return inflation to the 2% target by the end of 2023.
  • Trade minister Sikela this weekend cited the government’s expenditure on energy tariffs cutting the costs of a part of households' consumption by 15-20 percent, a sign that the government’s budget spending is helping ease a squeeze on household incomes.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.