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UniCredit On CNB Meeting

CZECHIA
  • The CNB is very likely to take an additional step in its monetary policy tightening next Thursday.
  • If the hawks are unable to push through a 50bp hike, they will vote for a 25bp increase.
  • That said, a 25bp rate decision should not be interpreted as the full extent of the tightening cycle.
  • It looks more likely than not that the staff will propose a further hike at the next policy meeting on 5 May.

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