The Czech unemployment rate at eight-month lows

Weekly Highlights:

  • Hot money inflows intensified as higher Czech inflation brings CNB‘s exit closer

  • Hungary’s inflation also surprises on the upside, which implies no need for further easing in Hungary

  • The Czech unemployment rate at eight-month lows

 

Chart of the Week: Deposits at the CNB

CNB

Hot money inflows intensified as higher Czech inflation brings CNB‘s exit closer. The Czech central bank has to intervene heavily to defend the EUR/CZK 27.0 floor, while liquidity in the Czech banking system (sitting in the CNB accounts) has spiked in 2017.

 

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