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PPI Inflation To Accelerate to 23.3% in March

CZECHIA
  • The Prague City Council is expected to debate a CZK2b loan to energy company Prazska Plynarenska, which is controlled by the city (BBG).
  • Important economic data to watch this week will be PPI Inflation coming out on April 20, expected to accelerate to 23.3% YoY in March.
  • EURCZK has been oscillating within a tight 10-pip range in the past two weeks, slightly below the 24.50 level; resistance to watch above that stands at 24.7060 (50DMA). On the downside, support to watch stands at 24.30.
  • Czech 10Y yield continues to trade above the key 4% level this morning as inflationary pressures remain elevated. ST resistance to watch on the topside stands at 4.14%. On the downside, support to watch stands at 3.85%.

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