Michal Brozka News
-
The Czech government’s borrowing costs tumbled to a record low before tomorrow’s debt sale as an unexpected interest-rate cut last week overshadowed concern that fiscal-austerity plans may be rejected.
-
Czech economy grew at the fastest pace in two years in the second quarter as declining unemployment and rising wages led to an unexpected increase I demand from domestic consumers.
-
The Czech central bank kept interest rates at a record low for a 14th meeting as a weaker koruna prevented a decrease in borrowing costs and the euro area’s debt crisis prompted policy makers to cut the outlook for economic growth in 2012 to zero.
-
Czech bond yields may rise to the highest since October 2009 as the government ramps up debt sales to finance the budget deficit, according to Raiffeisenbank AS.
-
Czech five-year yields tumbled to a record low after a two-notch rating upgrade by Standard & Poor’s boosted demand for the European Union member’s government bonds. The koruna strengthened against the euro and stocks rallied.
-
Czech inflation slowed in March and stayed below the central bank’s 2 percent target, adding to arguments for keeping interest rates record low even after the European Central Bank started monetary tightening last week.
-
Czech sovereign debt issuance will likely peak this year and shrink to levels last seen before the global credit crisis by 2013, boosting the country’s bonds, as the new Czech government seeks to slash its fiscal deficit.
-
The Czech Republic may sell euro- denominated bonds as early as May as the government’s pledge to narrow the budget deficit keeps borrowing costs below those of euro members Italy and Slovenia.
-
The Czech central bank cut its main interest rate to a record low, the first change in two years, after faltering domestic demand sparked an economic recession and the government’s borrowing costs sank to the lowest ever.
-
Czech consumer-price growth, which exceeded the central bank’s forecast in June for a third month, doesn’t “jeopardize” the inflation outlook, the Ceska Narodni Banka said.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page