Romanian MPC hints at rate hikes, Czech MPC stays dovish

The Romanian MPC’s press conference this afternoon reinforced our view that concerns about loose fiscal policy will prompt a move towards tighter monetary conditions. This might happen as soon as the next meeting in May. In contrast, the Czech MPC maintained its extremely dovish stance at its post-meeting conference today, supporting our forecast that the policy rate will remain at 0.05% this year and next.


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