binance left Huobi Global Coinmarketcap net_left Phương Thức Thanh Toán

Next Czech central bank chief proposes end to rate hikes

12 Tháng Năm 2022
Next Czech central bank chief proposes end to rate hikes © Reuters. The Czech National Bank is seen in central Prague, Czech Republic, August 3, 2017. REUTERS/David W Cerny

By Jan Lopatka and Robert Muller

PRAGUE (Reuters) -The Czech National Bank's (CNB) next governor, Ales Michl, called for an end to fast interest rate hikes to fight the strongest inflation pressures in almost three decades after his appointment to lead the bank on Wednesday.

President Milos Zeman appointed Michl, a bank board member since 2018 and an opponent of the rapid policy tightening that has brought the key rate up by 550 basis points to a 23-year high of 5.75% in a ceremony at Prague Castle.

Michl has voted for stable rates at each policy meeting since last June when the central bank embarked on its tightening course. He will replace outgoing Governor Jiri Rusnok from July.

His arrival may sway the bank's views on using rates against inflation - especially if Zeman appoints like-minded people to three other seats on the seven-strong board.

Michl, 44, said after his appointment that his main goal would be to return inflation to the bank's 2% target from a peak of 15% that he and the central bank see in the summer, which will be a process he expected to take two years.

But he said higher rates were no remedy given inflation was mainly driven by energy prices.

"I expect interest rates to be at a level (when I take over in July) that is sufficient to tame demand-driven inflation, should it happen," he said.

"I expect I will propose, at the first meeting I lead in the summer, stability of interest rates for some time. We will evaluate impacts of monetary policy to date, new indicators coming from the economy, and after certain period decide what next."

Before the change at the helm, the central bank's board is due to decide once more on rates at a June meeting.

Some expect it to deliver another big hike after inflation soared to 14.2% in April, its highest since 1993.

The central bank's latest macroeconomic outlook, published last week, showed rates should soar this quarter but ebb after that, suggesting a pause from the summer may not be a huge change in the rate path in the near-term.

The Czech crown continued its dive to eight-week lows after news of Michl's appointment, trading down 1.2% on the day at 25.347 to the euro. It had fallen by 2% on Friday after first reports that he would be appointed.

FILLING OUT THE BOARD

Michl's appointment comes as the terms of Vice-Governor Tomas Nidetzky and board member Vojtech Benda - who have both been in the 5-2 majority favouring rate hikes - expire alongside Rusnok's.

They are eligible for reappointment, but Zeman has yet to decide on their positions or on Michl's current position, which will also open up when he moves into the governor's chair.

At Wednesday's ceremony, Zeman said he agreed that interest rate increases had ceased to be an inflation fighter, suggesting he shared Michl's views.

Economists said Michl clashing with the central bank's experts could pose risks, however.

"If (Michl's) conclusions diverge so substantially from the analytics of the central bank, it is not clear to me how does Michl himself see his job at the helm," said Jaromir Baxa from the Institute of Economic Studies at Faculty of Social Sciences of the Charles University.

Để lại bình luận
Hot Auto Trade Bot ig right nyse right Neteller Phương Thức Thanh Toán
BROKERS ĐƯỢC CẤP PHÉP
rakuten_main right top net_home_top Ai VIF Binance _ main right top fbs_main right top tifia_main right top
25-05-2022 05:12:30 (UTC+7)

EUR/USD

1.0735

+0.0001 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

EUR/USD

1.0735

+0.0001 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

GBP/USD

1.2535

+0.0006 (+0.05%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

USD/JPY

126.89

+0.09 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.7111

+0.0008 (+0.11%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

USD/CAD

1.2817

0.0001 (0.00%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

EUR/JPY

136.21

+0.10 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

EUR/CHF

1.0311

+0.0004 (+0.04%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (1)

Gold Futures

1,864.59

-0.49 (-0.03%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (4)

Silver Futures

22.090

-0.009 (-0.04%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

Copper Futures

4.3160

+0.0027 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Crude Oil WTI Futures

110.53

+0.25 (+0.23%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Brent Oil Futures

111.00

+0.22 (+0.20%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (2)

Sell (4)

Natural Gas Futures

8.873

-0.019 (-0.21%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (10)

US Coffee C Futures

213.83

-1.92 (-0.89%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Euro Stoxx 50

3,647.56

-60.83 (-1.64%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (4)

Sell (3)

S&P 500

3,941.48

-32.27 (-0.81%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (2)

Sell (6)

DAX

13,919.75

-255.65 (-1.80%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

FTSE 100

7,484.35

-29.09 (-0.39%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (5)

Hang Seng

20,112.10

-357.96 (-1.75%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

US Small Cap 2000

1,768.22

-24.55 (-1.37%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (2)

IBEX 35

8,631.20

+5.40 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

BASF SE NA O.N.

48.755

-0.980 (-1.97%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (2)

Bayer AG NA

63.29

-1.18 (-1.83%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (2)

Allianz SE VNA O.N.

197.86

-1.52 (-0.76%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (4)

Sell (4)

Adidas AG

171.20

-4.28 (-2.44%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (4)

Deutsche Lufthansa AG

6.496

-0.407 (-5.90%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

Siemens AG Class N

114.20

-2.50 (-2.14%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

Deutsche Bank AG

10.084

+0.066 (+0.66%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (6)

 EUR/USD1.0735↑ Buy
 GBP/USD1.2535↑ Buy
 USD/JPY126.89↑ Buy
 AUD/USD0.7111↑ Buy
 USD/CAD1.2817↑ Sell
 EUR/JPY136.21↑ Buy
 EUR/CHF1.0311Buy
 Gold1,864.59Sell
 Silver22.090↑ Sell
 Copper4.3160↑ Buy
 Crude Oil WTI110.53↑ Buy
 Brent Oil111.00Neutral
 Natural Gas8.873↑ Sell
 US Coffee C213.83↑ Buy
 Euro Stoxx 503,647.56Neutral
 S&P 5003,941.48Neutral
 DAX13,919.75↑ Sell
 FTSE 1007,484.35Sell
 Hang Seng20,112.10↑ Buy
 Small Cap 20001,768.22↑ Buy
 IBEX 358,631.20↑ Buy
 BASF48.755↑ Buy
 Bayer63.29Neutral
 Allianz197.86Sell
 Adidas171.20Neutral
 Lufthansa6.496↑ Buy
 Siemens AG114.20↑ Buy
 Deutsche Bank AG10.084↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,900/ 6,990
(0/ 0) # 1,765
SJC HCM6,900/ 6,990
(0/ 0) # 1,764
SJC Hanoi6,900/ 6,992
(0/ 0) # 1,766
SJC Danang6,900/ 6,992
(0/ 0) # 1,766
SJC Nhatrang6,900/ 6,992
(0/ 0) # 1,766
SJC Cantho6,900/ 6,992
(0/ 0) # 1,766
Cập nhật 25-05-2022 05:12:33
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,866.42+12.650.68%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V31.25031.870
RON 95-III30.65031.260
E5 RON 92-II29.63030.220
DO 0.05S25.55026.060
DO 0,001S-V26.35026.870
Dầu hỏa 2-K24.40024.880
ↂ Giá dầu thô thế giới
WTI$110.54+0.460.41%
Brent$113.88+0.310.27%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.040,0023.350,00
EUR24.230,6125.587,89
GBP28.221,9329.425,91
JPY177,16187,56
KRW15,8619,33
Cập nhật lúc 18:54:49 24/05/2022
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right Phương Thức Thanh Toán