MNI BRIEF: ECB Cut On Disinflationary Process Trust-Centeno

CANADA MAY JOBS +26.7K VS FORECAST +20K, PRIOR +90.4K

MNI China Daily Summary: Friday, June 7

MNI BRIEF: Mexico Inflation 4.69% In May, Below Consensus

MNI BRIEF: China May Forex Reserves Rise On Weakened Dollar

MNI BRIEF: China Service Trade Grows Rapidly, Deficit Expands

MNI: US APR CONSUMER CREDIT +$6.4B

MNI: BAKER HUGHES US RIG COUNT 594; OIL RIGS 492; GAS RIGS 98

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Terminal Rate Closer To 4% in 2022 (Governor Rusnok)

CZECHIA
  • CNB Governor Rusnok mentioned in an interview that he sees terminal rate closer to 4% (than 3%) in 2022, implying that the central bank is far from done in hiking rates.
  • It is clear that CEE policymakers seem to be very sensitive to the drastic rise in interest rates in the past year and therefore will do whatever is needed to curb inflationary pressures.
  • Rusnok added that he expects debate on a bigger than 50bps hike at the next meeting on December 22.
  • Monetary policy divergence between CNB and ECB could continue to support the CZK (over Euro) in the medium term.
  • First support to watch on EURCZK stands at 25.20; a break below that level would open the door for a move down to 25.
  • On the topside, first resistance stands at 25.44 (100DMA),
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.