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via fxstreet.comEconomy

Czech koruna pressured despite CNB hike, says Commerzbank

FROM THE WIRE · FXSTREET.COM

Commerzbank’s Tatha Ghose expects the Czech National Bank to deliver a fully priced 25 bp hike to 4.00%, but stresses that the key signal will be the overall tightening path.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA currency under pressure after an expected, fully priced rate hike is relevant for the CZK exchange rate.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Commerzbank expects a 25 bp hike by the Czech National Bank to 4.00%.
  2. 02The hike is viewed as already fully priced in.
  3. 03The key signal will be the overall tightening path.

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