-
1 week ago | 
bloomberg.com | Peter Laca |Krystof Chamonikolas
The Czech central bank may have to refrain form lowering interest rates any further because sticky inflation requires restrictiveBloomberg Terminal monetary conditions, according to board member Jan Kubicek. Policymakers in Prague last cut borrowing costs in May, bringing the benchmark rate to 3.5%, the lowest level since 2021. The board wasn’t in agreement then whether the reduction was the end of the easing cycle that started a year and a half ago.
-
2 weeks ago | 
delfi.lt | Peter Laca |Krystof Chamonikolas |Kriti Gupta |Rita Vidugirienė
„Taikydami nepriklausomą pinigų politiką, galime turėti labai žemą infliaciją labai ilgą laiką, – antradienį Prahoje vykusiame naujienų agentūros „Bloomberg“ organizuotame renginyje sakė Alesas Michlas. Pasak jo, krona gerai pasitarnavo Čekijos ekonomikai ir, būdama stipri valiuta, atlieka itin svarbų vaidmenį siekiant sutramdyti kainų augimą.
-
2 weeks ago | 
bloomberg.com | Peter Laca |Krystof Chamonikolas |Kriti Gupta
Ales Michl in Prague on June 10. (Bloomberg) -- The Czech central bank governor touted the benefits of his country’s currency, saying that the koruna puts it in a better position to moderate price-growth than the euro would. “By using independent monetary policy, we are able to have very low inflation for a very long time,” Ales Michl told an event hosted by Bloomberg in Prague on Tuesday.
-
1 month ago | 
bloomberg.com | Peter Laca
(Bloomberg) -- Emerging-market currencies are benefiting from a weaker dollar and they may get a further boost if the US cuts interest rates, attracting more capital into carry trades, according to ING Bank NV. Investors are speculating whether US trade deals with Asia will involve a currency element, and Latin American economies seem to have avoided the worst of President Donald Trump’s tariffs, Chris Turner, ING’s head of FX strategy in London, and colleagues said in a note on Tuesday.
-
1 month ago | 
bloomberg.com | Andra Timu |Peter Laca
A supporter holds a poster of Nicusor Dan in Bucharest, Romania, on May 18. (Bloomberg) -- Romania’s assets rallied after a centrist candidate defeated his nationalist opponent in the presidential election, but further market relief may be limited until the next government presents a plan to fix state finances.
-
1 month ago | 
bloomberg.com | Maria Elena Vizcaino |Peter Laca |Subhadip Sircar
A supporter waves a Romanian flag outside the campaign headquarters of Nicusor Dan. Photographer: Alexandra Corcode/Bloomberg(Bloomberg) -- An index for emerging-market currencies advanced on Monday as the greenback fell following Moody’s Ratings downgrade of US government debt, while lawmakers in Washington debated more tax cuts. Eastern and Central European currencies led the gains, propelled by a stronger euro as traders looked to move cash out of US assets.
-
1 month ago | 
bloomberg.com | Peter Laca
The Czech central bank headquarters in Prague. (Bloomberg) -- Czech central bankers agreed monetary policy needed to remain “moderately restrictive” to address persistent domestic price pressures and uncertain global economic outlook, minutes from the May 7 meeting showed. The debate, which preceded a quarter-point rate cut to 3.5%, indicated easing concerns among some board members over continued growth in services costs, the bank said on Friday.
-
1 month ago | 
bloomberg.com | Peter Laca |Andra Timu
Campaign posters for presidential candidates in Bucharest. (Bloomberg) -- Investors are treating Romania’s eurobonds on par with junk-rated debt after months of political turmoil, and now the weekend’s presidential ballot brings fresh risks for the currency and local debt as well. The victory of ultranationalist George Simion in the first round triggered the resignation of the prime minister, sparked outflows from bonds and stocks and pushed the currency to a record low.
-
1 month ago | 
bloomberg.com | Peter Laca |Irina Vilcu
Campaign posters for presidential candidates in Bucharest. (Bloomberg) -- Romania sold more euro-denominated debt on the domestic market than planned, rushing to fill up state coffers ahead of a contentious presidential run-off that’s weighed on the the country’s assets. The Finance Ministry raised a combined €1.6 billion ($1.8 billion) in notes maturing in May and December next year, accepting almost all bids submitted in Tuesday’s auction.
-
1 month ago | 
bloomberg.com | Peter Laca
Ales Michl(Bloomberg) -- Czech costs of services remain a key risk for price stability and require a cautious monetary-policy stance, according to the central bank. Data published on Tuesday showed that core inflation, a measure of underlying demand pressures in the domestic economy, accelerated slightly in April to 2.6%, matching the Czech National Bank’s forecast.
