- The Czech National Bank (CNB) will release its monetary policy decision at 13:00BST/14:00CEST, with the press conference due to follow at 14:45BST/15:45CEST. Unanimous consensus looks for a 25bp rate cut, which would represent a moderation in the pace of cuts from the previous 50bp/meeting, as the central bank transitions to the "fine-tuning" phase of monetary easing. See our comprehensive preview and policy piece for more details.
- For those interested in the details of the CNB's new macroeconomic forecast, the opening sections of the document will be published tomorrow morning (08:00BST/09:00CEST) ahead of a meeting with analysts slated for 10:00BST/11:00CEST. These meetings are typically led by the CNB's senior staff members and joined by one of the Bank Board members, allowing reporters and analysts to ask more technical questions.
- The Finance Ministry will release the latest data on monthly budget balance at 13:00BST/14:00CEST after recording a CZK178.6bn deficit in June. The government's deficit target for this year is CZK252bn and Finance Minister Zbynek Stanjura suggested that Czechia is on track to stay within its self-imposed limits. On the other hand, the official also said that his push for a faster reduction of budget deficit is obstructed by lack of consent from coalition partners, which forces the government to continue with a more gradual pace of fiscal consolidation.
- Czechia's majority-state owned energy utility CEZ starts paying out dividends today and CZK19.5bn out of the total of CZK28bn will be transferred to the state budget. This would boost the budget outcome for August.
- Czechia's S&P Global Manufacturing PMI worsened to 43.8 in July from 45.3 prior versus 45.0 expected.
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CZECHIA: CNB Rate Decision & Monthly Budget Data Take Focus
Last updated at:Aug-01 07:32By: Krzysztof Kruk
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- The Czech National Bank (CNB) will release its monetary policy decision at 13:00BST/14:00CEST, with the press conference due to follow at 14:45BST/15:45CEST. Unanimous consensus looks for a 25bp rate cut, which would represent a moderation in the pace of cuts from the previous 50bp/meeting, as the central bank transitions to the "fine-tuning" phase of monetary easing. See our comprehensive preview and policy piece for more details.
- For those interested in the details of the CNB's new macroeconomic forecast, the opening sections of the document will be published tomorrow morning (08:00BST/09:00CEST) ahead of a meeting with analysts slated for 10:00BST/11:00CEST. These meetings are typically led by the CNB's senior staff members and joined by one of the Bank Board members, allowing reporters and analysts to ask more technical questions.
- The Finance Ministry will release the latest data on monthly budget balance at 13:00BST/14:00CEST after recording a CZK178.6bn deficit in June. The government's deficit target for this year is CZK252bn and Finance Minister Zbynek Stanjura suggested that Czechia is on track to stay within its self-imposed limits. On the other hand, the official also said that his push for a faster reduction of budget deficit is obstructed by lack of consent from coalition partners, which forces the government to continue with a more gradual pace of fiscal consolidation.
- Czechia's majority-state owned energy utility CEZ starts paying out dividends today and CZK19.5bn out of the total of CZK28bn will be transferred to the state budget. This would boost the budget outcome for August.
- Czechia's S&P Global Manufacturing PMI worsened to 43.8 in July from 45.3 prior versus 45.0 expected.
Related by topic
Europe
Czechia
