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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Czech RepublicCzech Republic CNB Interest Rate Decison held to 0.05% in December 2013
FMPMonthlyReleased December 2013
Czech Republic CNB Interest Rate Decison held to 0.05% in December 2013. The reading matched the 0.05% consensus. Over the past 3 months, CNB Interest Rate Decison averaged 0.05%, vs 0.05% in the prior 3-month window. CNB Interest Rate Decison is now the highest in 7 months.
Latest Release
0.05
Actual
0.05
Consensus
0.05
Previous
Median Absolute Error
±0 percentage points
across last 4 releases
Last Call
Dec 2013
Predicted: 0.05
Actual: 0.05
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CNB Interest Rate Decison (Czech Republic) was reported at 0.05% in December 2013. This matched the market consensus of 0.05% exactly. The reading was unchanged from the previous release.
WHY IT MATTERS
The trailing three releases averaged 0.05%, unchanged from the prior three.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update December 2013.
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CNB Interest Rate Decison - CZ
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About CNB Interest Rate Decison — Czech Republic
DEFINITION
The CNB Interest Rate Decision is a key financial indicator that reflects the monetary policy decisions made by the Czech National Bank (CNB). This decision, which is announced periodically, determines the interest rate at which the CNB lends money to commercial banks, and has a significant impact on the overall economy and financial markets. It is closely monitored by investors, businesses, and policymakers as it provides insight into the current and future state of the Czech economy and can influence borrowing costs, inflation, and exchange rates.
WHY THIS INDICATOR MATTERS
Policy-rate decisions and associated communication are the primary near-term driver of front-end rates, currencies, and equity-discount-rate inputs. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2013): actual 0.05 %, consensus 0.05 %. Prior reading (Nov 2013): 0.05 %. Before that (Sep 2013): 0.05 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary neutral force in the current projection.