CNB Governor Michl says decision to keep policy steady was unanimous, did discuss lowering rates, all options are open on rate moves
Newsquawk Staff ·
CNB Governor Michl says decision to keep policy steady was unanimous, did discuss lowering rates, all options are open on rate moves.
What it means
CNB Governor Michl's comments highlight a consensus among officials to maintain the current policy, suggesting stability in the short term. However, the acknowledgment of discussions around potential rate cuts indicates that the board is open to adjusting policy based on future economic conditions, which could influence market expectations around the Czech koruna and its interest rate trajectory.
- [PREVIEW] Riksbank Policy Decision on 4th November 2026
- BCB Poll: Economists see year-end 2026 Selic rate at 13.50% (prev. 13.25%) and year-end 2027 at 12.50% (prev. 11.75%), according to the weekly BCB Focus Market Survey
- Banxico Deputy Governor Borja says getting closer to the 3% inflation target
- CBR Governor Nabiullina says we need longer period of tight monetary policy
- PRE-MARKET JAPANESE AND SOUTH KOREAN STOCK NEWS: Japan's health ministry halts new Tavneos use, questions Kissei approval data; Mitsubishi Corp approves US copper mine; Samsung Electro-Mechanics joins NVIDIA substrate supply chain
Related headlines
- BoK board member Hwang says watching FX market closely and that USD/KRW movement has been faster than expected, adds time to focus on inflationOct 29
- Bank of Korea says it will monitor financial and forex market conditionsOct 28
- Hong Kong Monetary Authority maintains base rate at 4.25% as expected, in lockstep with the FedOct 28
- RBI is said to be likely selling dollars through state-run banks to limit a rupee weaknessOct 28
- Taiwan Central Bank Governor affirms Taiwan has the capacity to establish a sovereign wealth fund and says says relative weakness of the Taiwanese dollar this year is due to foreign investors taking profits on Taiwan stocksOct 28
- Chile Central Bank maintains benchmark interest rate at 4.50% as expected, with the decision unanimous, while it stated that the future path of interest rates will be assessed on a meeting-by-meeting basisOct 27
- BCB Governor Galipolo says the BCB only intervenes in the foreign exchange market when it identifies market dysfunctionOct 27
- BCB's Picchetti says economic activity is showing a very clear slowdown, concentrated in cyclical sectorsOct 27
- CNB's Seidler says a 25bps rate hike in November is likely, with the November inflation outlook likely to be revised higherOct 27
- BCB says the economy has been expanding at a more moderate pace, and the labour market remains hot, but some indicators show signs of coolingOct 27
- Taiwan Central Bank says it sees strong economic growth this year and stable growth next year, while it forecasts Taiwan GDP at 5.82% growth next yearOct 27
- BoK official says private spending is to slowly rebound from Q4 to Q1 2027Oct 27
- BCB poll shows economists see year-end 2026 Selic rate at 13.25% (prev. 13.25%) and year-end 2027 at 11.75% (prev. 12.00%)Oct 26
- Major newswire poll shows Bank of Thailand is unanimously forecast to keep rates unchanged at 1.00% at its meeting on Wednesday, while it is seen to keep rates unchanged throughout next year as weak growth outweighs inflation concernsOct 26
- Indonesia's central bank official says rupiah movement still manageable following MSCI announcement last week and says we will respond if needed to ensure supply and demand in the FX marketOct 23