CZK: EURCZK Slips to Lowest Level Since January 2024
Aug-07 13:12
EURCZK slips to new session lows as the CNB's policy statement and initial comments from the press conference tilt hawkish, with the cross now at its lowest level since January 2024. The new forecast’s baseline scenario implies a “modest decline in short-term market interest rates initially and a slight increase in 2026,” the CNB said, while the bank also increased 2025 average inflation forecast to 2.6% from 2.5%. Michl stated that current inflation pressures prevent a rate cut.
- "CZECH INFLATION PRESSURES PREVENT RATE CUT CURRENTLY: MICHL" - BBG
- "CZECH CENTRAL BANK BOARD KEEPING ALL OPTIONS OPEN, MICHL SAYS"
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STIR: Effective Fed Funds Rate
Jul-08 13:05
FRBNY EFFR for prior session:
- Daily Effective Fed Funds Rate: 4.33% (+0.00), volume: $118B
- Daily Overnight Bank Funding Rate: 4.33% (+0.00), volume: $263B
MNI: RPT: Livestreamed MNI Connect VC with Fed Mary Daly On July 10
Jul-08 13:00
You are invited to listen to a Livestreamed MNI Connect Video Conference with the San Francisco Fed President Mary Daly.
Details below:
- Mary Daly joins us to discuss the ‘The US Economic Outlook and Challenges for Policymakers'
- DATE: Thursday, 10 July 2025
- TIME: 2:30 pm - 4 pm ET; 11:30am - 1pm PT; 7:30pm - 9pm London
- This event will be run as a Zoom Webinar and is a public, on-the-record event.
To register please go to: MNI Webcast Registration
MNI: US REDBOOK: JUL STORE SALES +5.1% V YR AGO MO
Jul-08 12:55
- MNI: US REDBOOK: JUL STORE SALES +5.1% V YR AGO MO
- US REDBOOK: STORE SALES +5.9% WK ENDED JUL 05 V YR AGO WK
