- The CNB's Bank Board holds its quarterly meeting on financial stability, with the decision on the countercyclical buffer (CCyB) rate due to be announced at 14:45BST/15:45CEST. As a reminder, the rate was reduced to 1.25% at the previous meeting in June, with the Board noting that "the buffer rate can be expected to remain stable if [its spring] forecast materialises." There will be no fresh Financial Stability Report accompanying the decision (these come out twice a year alongside "major" reviews in Q2 and Q4). The minutes of today's financial stability meeting will be published on September 27.
- Finance Minister Zbynek Stanjura told reporters that the government will likely approve the draft 2025 state budget unanimously and all coalition MPs will support it after his ministry managed to iron out differences with the Pirate Party over the allocation of funds for a housing construction programme. Seznam Zpravy reminds that the government is expected to approve the proposed budget on September 25. Meanwhile, the Chamber of Deputies will today discuss and approve the timetable for discussing the 2025 state budget, which should conclude in early December.
- The latest opinion poll by Median agency showed that the main opposition ANO party remains the front-runner with a support rate of 32.5%. Prime Minister Petr Fiala's ODS comes second with 13%, followed by the far-right SPD with 11%, which gained 3pp since the previous survey jumping from fifth to third place.
CZECHIA: CNB Holds Financial Stability Meeting, Progress Made In Budget Talks
Last updated at:Sep-12 07:42By: Krzysztof Kruk
Czechia
- The CNB's Bank Board holds its quarterly meeting on financial stability, with the decision on the countercyclical buffer (CCyB) rate due to be announced at 14:45BST/15:45CEST. As a reminder, the rate was reduced to 1.25% at the previous meeting in June, with the Board noting that "the buffer rate can be expected to remain stable if [its spring] forecast materialises." There will be no fresh Financial Stability Report accompanying the decision (these come out twice a year alongside "major" reviews in Q2 and Q4). The minutes of today's financial stability meeting will be published on September 27.
- Finance Minister Zbynek Stanjura told reporters that the government will likely approve the draft 2025 state budget unanimously and all coalition MPs will support it after his ministry managed to iron out differences with the Pirate Party over the allocation of funds for a housing construction programme. Seznam Zpravy reminds that the government is expected to approve the proposed budget on September 25. Meanwhile, the Chamber of Deputies will today discuss and approve the timetable for discussing the 2025 state budget, which should conclude in early December.
- The latest opinion poll by Median agency showed that the main opposition ANO party remains the front-runner with a support rate of 32.5%. Prime Minister Petr Fiala's ODS comes second with 13%, followed by the far-right SPD with 11%, which gained 3pp since the previous survey jumping from fifth to third place.
