Societe Generale S.A.GLE
Mentioned
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.
Societe Generale S.A.Surprise Czech inflation to 2.5% reinforces CNB hawkishness and a possible November hike, supporting the koruna.
Hawkish CNB stance keeps the koruna supported, a marginal euro-negative/neutral signal for EUR/USD.
Hawkish CNB stance and possible November rate hike push Czech 10Y yields higher.