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Sikela Sees Windfall Tax as One-Time Measure

CZECHIA
  • Yesterday, Czech Industry and Trade Minister Jozef Sikela says a windfall tax on some industries may be one of possible ways to finance programs designed to help people cope with rising energy costs (BBG).
  • CNB Zamrazilova mentioned in an interview (Seznam) that she sees weakening domestic Czech price drivers.
  • Zamrazilova considers FX interventions as a legitimate policy tool.
  • Economic data showed yesterday that PPI inflation decelerated to 26.8% in July (vs. 27.7% exp.), down from 28.5% expected.
  • There are no important economic data coming out today.
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  • Yesterday, Czech Industry and Trade Minister Jozef Sikela says a windfall tax on some industries may be one of possible ways to finance programs designed to help people cope with rising energy costs (BBG).
  • CNB Zamrazilova mentioned in an interview (Seznam) that she sees weakening domestic Czech price drivers.
  • Zamrazilova considers FX interventions as a legitimate policy tool.
  • Economic data showed yesterday that PPI inflation decelerated to 26.8% in July (vs. 27.7% exp.), down from 28.5% expected.
  • There are no important economic data coming out today.