Topic

Czech central bank

Czech central bank seen starting rate hikes on June 23

Published 18 Jun, 2021 06:30pm

10 analysts see main rate rising by 25 bps from 0.25%.
All analysts see at least one more hike by year-end.
Majority of central bankers flagged June hike as possible.
Rates unchanged since May 2020, last hike Feb 2020.

Currencies mixed as focus turns to Czech central bank

Updated 06 May, 2021 05:11pm

Central European rate-setters are facing rising inflation, but look set to keep rates low for the time being to help their economies recover from the effects of the coronavirus.
"This picture, however, cracked somewhat with the GDP result for the first quarter released last week, which showed the economy did better than thought."

Czech central banker Benda sees fewer 2021 rate hikes than projected

Published 26 Apr, 2021 05:52pm

"The pandemic shock was rather severe, and I don't believe people will immediately take all their savings and go shopping like crazy," he was quoted as saying by Bloomberg news agency.
"The market is reading us very well in the longer term," Benda said. "It's pointless to agonize now over whether the first hike will be in four, five or seven months, as we're living in huge uncertainty."

Polish zloty eases on surging COVID-19 cases, stocks mixed

Published 25 Mar, 2021 05:30pm

"We think that the (bank's) view has remained relatively unchanged and that it will continue to look for an opportunity to start normalising its monetary policy," Morgan Stanley said.
"We maintain our view that the MPC will start seeing higher chances of a rate hike only in 3Q21."

Czech central bank holds rates steady as hike clues awaited

Published 24 Mar, 2021 06:42pm

All analysts in a Reuters poll this week forecast the main two-week repo rate to stay at 0.25%, where the central bank has kept it since last May following a series of cuts when the coronavirus pandemic started.
The central European country has been one of the worst-hit by the latest waves of the pandemic and the central bank has warned of risks to longer-than-expected restrictions on retail and restaurants.

Czech central bank sets limits on bank dividends

Published 18 Mar, 2021 09:44pm

The bank said dividend proposals would be assessed individually and it expected to be able to complete assessments in the third quarter.
Komercni Banka intends, as soon as the regulators allow, to return the capital surplus exceeding the volume needed in accordance with the outlook for organic and inorganic growth in risk-weighted assets and for capital requirements, to shareholders.

Czech central banker Holub: rate rise may come in H2; bigger risk to act early than late

Updated 16 Mar, 2021 10:02pm

"I still perceive greater risk that we start a premature tightening of monetary policy," he said.
"For me that is a greater risk than if we 'sleep in' a little versus what may perhaps seem as optimal looking back a year later. We can catch up in such a situation if needed."

Czech central bank leaves countercyclical capital buffer at 0.5pc

Published 04 Mar, 2021 05:37pm

The bank had cut the rate in extraordinary steps from 2.0% last year to help banks absorb shocks from the coronavirus crisis.

Czech current account surplus a record in 2020 on weak dividend outflow

Published 15 Feb, 2021 06:07pm

The result, equal to about 3.2% of gross domestic product, follows a deficit of 16.96 billion crowns in 2019.
The development of the current account is favourable due to growing exports of goods, low imports and a weak outflow of dividends.

Czech central bank says January inflation above forecast largely due to food prices

Published 12 Feb, 2021 05:56pm

The price level increased by 2.2% year on year in January 2021.
The January annual consumer price inflation figure was 0.5 percentage point higher than the CNB's current forecast.

Czech central bank offers alternative with slower rate rise

Published 05 Feb, 2021 08:35pm

The central bank left interest rates unchanged on Thursday, while the board saw substantial risks to staff forecasts from more prolonged anti-pandemic measures than the outlook assumes.
The "Longer-lasting pandemic-induced downturn scenario" predicts slower growth of the interbank rate (PRIBOR), a proxy for the central bank's main rate.

Czech central banker: will not sacrifice CPI target by keeping monetary policy loose too long

Published 05 Feb, 2021 06:38pm

Dedek spoke in response to an analyst question about the bank's alternative forecast scenario that saw prolonged anti-pandemic measures.
The bank's board said on Thursday that it saw substantial risks to the baseline outlook which could mean smaller need for interest rate tightening than predicted.

Czech central bank governor: longer lockdowns could lead to less need for rate tightening

Published 04 Feb, 2021 08:35pm

That would lead to markedly lower economic performance ... and thus there would probably be smaller need for tightening of monetary conditions when it comes to the setting of interest rates.
The bank said its forecast assumed around three standard 25 basis-point interest rates increases later this year.

Czech central bank holds fire, markets await rate hike clues

Published 04 Feb, 2021 08:19pm

The key two-week repo rate remains at 0.25%, where the central bank has held it since last May after previous cuts totalling 200 basis points.
Market attention was focused on the new staff forecast to be presented by Governor Jiri Rusnok.

Czech central bank governor sees double-dip recession, no need to ease policy

Published 19 Jan, 2021 08:04pm

Now it's already clear that we are heading for a double-dip recession, hopefully the second dip to be likely shallower than the first one.
Rusnok said that the overall economic drop for 2020 may be less deep than previously thought.

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Forex
World
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Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 3	159.93
USD to Swiss Franc / Jun 3	0.79
Pound Sterling to USD / Jun 3	1.34
Euro to USD / Jun 3	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
India Sensex / Jun 3	74,346.17
Tokyo Nikkei / Jun 3	68,402.13
Nasdaq / Jun 3	26,853.97
Hang Seng / Jun 3	25,633.21
FTSE 100 / Jun 3	10,332.30
Dow Jones / Jun 3	50,687.07
Germany DAX 30 / Jun 3	24,795.94
France CAC40 / Jun 3	8,150.42

Item	Value
Crude Oil USD/Barrel / Jun 3	95.34
Gold 10 Grams PKR / Jun 3	401,030
Gold Spot USD/Ounce / Jun 3	4,452.30
Cotton US¢/pound / Jun 3	80.51
Petrol/Litre / Jun 4	381.78
Diesel/Litre / Jun 4	380.78

Gainers
Losers
Leaders

Stock	Price
Wasl Mobility Mod. / Jun 3 Wasl Mobility Modaraba(WASL)	5.91 ▲ 1 (20.37%)
Gulshan Sp. / Jun 3 Gulshan Spinning Mills Limited(GSPM)	6.18 ▲ 1 (19.31%)
First AL-Noor Mod. / Jun 3 First Al-Noor Modaraba(FANM)	6.88 ▲ 1 (17.01%)
Chenab Ltd (Pref) / Jun 3 Chenab Limited (Pref)(CLCPS)	3.85 ▲ 0.44 (12.9%)
Chenab Ltd / Jun 3 Chenab Limited(CHBL)	9.61 ▲ 0.91 (10.46%)
Askari Life Assur. / Jun 3 Askari Life Assurance Company Limited(ALAC)	19.24 ▲ 1.75 (10.01%)
Dawood Equities / Jun 3 Dawood Equities Limited(DEL)	20.56 ▲ 1.87 (10.01%)
Grays Leasing / Jun 3 Grays Leasing Limited(GRYL)	20.89 ▲ 1.9 (10.01%)
Shahzad Tex. / Jun 3 Shahzad Textile Mills Limited(SZTM)	68.38 ▲ 6.22 (10.01%)
Ideal Spinning / Jun 3 Ideal Spinning Mills Limited(IDSM)	72.48 ▲ 6.59 (10%)

Stock	Price
Khairpur Sug. / Jun 3 Khairpur Sugar Mills Limited(KPUS)	2,164.61 ▼ -240.51 (-10%)
Diamond Ind. / Jun 3 Diamond Industries Limited(DIIL)	71.48 ▼ -7.9 (-9.95%)
Tri-Star Mutual / Jun 3 Tri-Star Mutual Fund Limited(TSMF)	16.88 ▼ -1.62 (-8.76%)
Power Cem(Pref) / Jun 3 Power Cement (Pref)(POWERPS)	27.79 ▼ -2.41 (-7.98%)
Paramount Mod / Jun 3 First Paramount Modaraba(FPRM)	13.90 ▼ -1.1 (-7.33%)
AN Textile Mills / Jun 3 AN Textile Mills Limited(ANTM)	30.18 ▼ -2.23 (-6.88%)
Al-Khair Gadoon / Jun 3 Al-Khair Gadoon Limited(AKGL)	52.03 ▼ -3.68 (-6.61%)
Gammon Pak / Jun 3 Gammon Pakistan Limited(GAMON)	19.23 ▼ -1.32 (-6.42%)
Burshane LPG / Jun 3 Burshane LPG (Pakistan) Limited(BPL)	56.96 ▼ -3.61 (-5.96%)
Punjab Oil / Jun 3 Punjab Oil Mills Limited(POML)	147.13 ▼ -8.47 (-5.44%)

Stock	Volume
Treet Battery / Jun 3 Treet Battery Limited(TBL)	46,642,698 ▼ -0.03
Dewan Cement / Jun 3 Dewan Cement Limited(DCL)	33,760,377 ▲ 0.4
Sitara Petroleum Service / Jun 3 Sitara Petroleum Service Limited(SPSL)	25,238,548 ▲ 0.84
Beco Steel Ltd / Jun 3 Beco Steel Limited(BECO)	23,949,474 ▲ 0.46
P.T.C.L. / Jun 3 Pakistan Telecommunication Company Ltd(PTC)	23,376,596 ▲ 0.82
TPL Corp Ltd / Jun 3 TPL Corp Limited(TPL)	17,752,841 ▲ 0.38
Cnergyico PK / Jun 3 Cnergyico PK Limited(CNERGY)	16,285,113 ▼ -0.2
WorldCall Telecom / Jun 3 Worldcall Telecom Limited(WTL)	14,753,659 ▼ -0.01
K-Electric Ltd. / Jun 3 K-Electric Limited(KEL)	13,876,959 ▼ -0.12
Mahanna Islamic Index / Jun 3 Mahanna Islamic Index Traded Fund(MIIETF)	13,316,500 ▼ -0.13

Czech central bank

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