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Czech central bank

Czech central bank seen starting rate hikes on June 23

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.

Published 18 Jun, 2021 06:30pm

Markets

Currencies mixed as focus turns to Czech central bank

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."

Updated 06 May, 2021 05:11pm

Business & Finance

Czech central banker Benda sees fewer 2021 rate hikes than projected

"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."

Published 26 Apr, 2021 05:52pm

Markets

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

"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."

Published 25 Mar, 2021 05:30pm

Business & Finance

Czech central bank holds rates steady as hike clues awaited

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.

Published 24 Mar, 2021 06:42pm

Business & Finance

Czech central bank sets limits on bank dividends

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.

Published 18 Mar, 2021 09:44pm

Business & Finance

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

"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."

Updated 16 Mar, 2021 10:02pm

Business & Finance

Czech central bank leaves countercyclical capital buffer at 0.5pc

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

Published 04 Mar, 2021 05:37pm

Markets

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

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.

Published 15 Feb, 2021 06:07pm

Business & Finance

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

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.

Published 12 Feb, 2021 05:56pm

Business & Finance

Czech central bank offers alternative with slower rate rise

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.

Published 05 Feb, 2021 08:35pm

Business & Finance

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

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.

Published 05 Feb, 2021 06:38pm

Business & Finance

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

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.

Published 04 Feb, 2021 08:35pm

Business & Finance

Czech central bank holds fire, markets await rate hike clues

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.

Published 04 Feb, 2021 08:19pm

Business & Finance

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

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.

Published 19 Jan, 2021 08:04pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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