Czech Inflation Surprise to 2.5% Reinforces Hawkish CNB Stance, November Rate Hike Eyed

Societe Generale··CZEU·Read original
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Summary · why it matters

A surprise upside in Czech inflation to 2.5% has reinforced the Czech National Bank's hawkish stance, according to Societe Generale's Kenneth Broux. With policymakers signalling a possible hold or hike, attention now turns to core and services inflation data that could justify a November rate increase. The development keeps the Czech Koruna supported against the Euro.

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