Free Trial

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

Zeman Ditches Idea Of Front-Loading Key Judicial Nomination, Czech Trade Deficit Narrows

CZECHIA
  • Prime Minister Petr Fiala emerged from his regular meeting with President Milos Zeman last night, announcing that the outgoing head of state has abandoned his controversial idea to bring forward the nomination of the Constitutional Court chief, whose term expires in August. Bowing to the pressure from several corners of the Czech political and legal scenes, Zeman will leave the decision to his successor Petr Pavel, who is set to take office on March 9. Fiala also said that Zeman will meet with Pavel next Monday to facilitate a smooth transition of power.
  • Czechia's trade deficit shrank to CZK1.2bn in December from the revised CZK24.5bn recorded in November versus CZK19.0bn expected. Separately, industrial output grew slower than forecast at 1.3% Y/Y compared with the 3.3% median estimate.
  • The Czech National Bank will publish changes to its balance sheet in the 10 days ended January 31 later today.
145 words

To read the full story

Why Subscribe to

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.
  • Prime Minister Petr Fiala emerged from his regular meeting with President Milos Zeman last night, announcing that the outgoing head of state has abandoned his controversial idea to bring forward the nomination of the Constitutional Court chief, whose term expires in August. Bowing to the pressure from several corners of the Czech political and legal scenes, Zeman will leave the decision to his successor Petr Pavel, who is set to take office on March 9. Fiala also said that Zeman will meet with Pavel next Monday to facilitate a smooth transition of power.
  • Czechia's trade deficit shrank to CZK1.2bn in December from the revised CZK24.5bn recorded in November versus CZK19.0bn expected. Separately, industrial output grew slower than forecast at 1.3% Y/Y compared with the 3.3% median estimate.
  • The Czech National Bank will publish changes to its balance sheet in the 10 days ended January 31 later today.