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Survey Points To Voter Dissatisfaction, CNB Rate Review Eyed This Week

CZECHIA
  • DenikN reports that data collected by the STEM/MARK agency suggests that "there is great disillusionment and dissatisfaction with the government's performance even among the supporters of the coalition of five". The survey showed that there are around 600k voters who voted for the ruling coalition in 2021 but now declare that their continued intention to back the governing alliance rests solely upon the lack of an alternative - which makes them a particularly labile segment of the five-party coalition's electoral base.
  • Defence Minister Jana Cernochova criticised called for her country's withdrawal from the United Nations after its General Assembly passed a resolution, which stopped short of condemning the Hamas attack on Israel. Cernochova's call gained little traction and was widely rejected as impulsive.
  • The fallout from the government's fiscal consolidation package remains under scrutiny, with school union leaders due to discuss spending cuts and preparations for potential strikes.
  • As a reminder, the Czech National Bank will announce its monetary policy decision on Thursday. Bloomberg consensus is now narrowly in favour of a 25bp rate cut rather than a continued pause.

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