24.120
Today
-0.11%
5 Days
-0.38%
1 Month
-0.36%
6 Months
-0.50%
Year to Date
-0.10%
1 Year
-1.36%
Opening Price
24.145Previous Closing Price
24.146Commerzbank’s Tatha Ghose reports that the Czech National Bank (CNB) kept its policy rate at 3.75% and returned to a wait-and-see stance after June’s 25bp hike, despite still citing upside inflation risks.
Commerzbank’s Tatha Ghose expects the Czech National Bank (CNB) to keep its policy rate at 3.75%, framing June’s hike as fine-tuning rather than a new cycle. With headline and core inflation still within target, CNB can wait but must avoid sounding dovish.
Societe Generale notes that CEE FX is being shaped by diverging inflation and policy signals across the region.
Commerzbank’s Tatha Ghose interprets Czech National Bank (CNB) deputy governor Eva Zamrazilova’s remarks as signalling that June’s 25 bp hike was a one-off fine-tuning move rather than the start of a new tightening cycle.
EMEA FX Strategist Frantisek Taborsky at ING says the Czech National Bank’s (CNB) June minutes confirm it as the most hawkish central bank in the region after its 25bp hike to 3.75%. Markets price another hike as core inflation risks persist.
ING’s Frantisek Taborsky notes Czech inflation has surprised on the downside, but strong wage growth and stable core inflation keep the Czech National Bank on track for a rate hike at its June meeting.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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The configuration is negative.
above 24.161, look for 24.179 and 24.190.
The downside prevails as long as 24.161 is resistance, with 24.117 and 24.106 as targets
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