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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.
CZECHIA
- The lower house of parliament is scheduled to hold an extraordinary session to debate a government proposal to freeze salaries of politicians for five years; lawmakers may also debate Pandora Papers (BBG).
- We recently saw that Czech Prime Minister Andrej Babis's ANO party looked the favorite to garner the most votes in this week's elevations, which is occurring on Oct 8/9 (see chart). However, despite winning with 26%, the ANO party would have a hard time finding suitable coalition partners.
- This morning, economic data showed that unemployment rate decreased to 3.5% in September, down from 3.6% the pervious month.
- Last week, the CNB surprised the market with an aggressive 75bps hike (vs. 50bps consensus), clearly indicating that the CNB is very sensitive to rising inflationary pressures.
- The Central bank is expected to continue its tightening cycle in the near term, with the debate now only focusing on the size and the frequency of future hikes.
Source: Politico
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.
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