© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
US TSY FUTURES

FVU2 Blocked

BOJ

Fixed Rate Operation Offer

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

STIR Market Still Pricing In Terminal Rate Around 6.75%

CZECHIA
BulletEM BulletEmerging Markets
  • Incoming Governor Michl reiterated this week that he will propose rate stability after taking over in July as current rates are sufficient to tame demand risks.
  • Two-thirds of Czech inflation are cost-driven, imported, according to Michl.
  • Michl also said that CZK was impacted by speculative flows following his appointment, and favors strong CZK based on LT capital inflows.
  • Michl added that he plans to increase the return on FX reserves by raising the level of stocks and gold.
  • CNB Benda said this week that it was too early till to predict the outcome of the June rate meeting.
  • STIR market still prices in a terminal rate at around 6.75% (vs. 5.75% current) with the FRA 6Mx9M currently trading at 6.74%.
120 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • Incoming Governor Michl reiterated this week that he will propose rate stability after taking over in July as current rates are sufficient to tame demand risks.
  • Two-thirds of Czech inflation are cost-driven, imported, according to Michl.
  • Michl also said that CZK was impacted by speculative flows following his appointment, and favors strong CZK based on LT capital inflows.
  • Michl added that he plans to increase the return on FX reserves by raising the level of stocks and gold.
  • CNB Benda said this week that it was too early till to predict the outcome of the June rate meeting.
  • STIR market still prices in a terminal rate at around 6.75% (vs. 5.75% current) with the FRA 6Mx9M currently trading at 6.74%.