Czech Republic - Factors To Watch on June 16
PRAGUE, June 16 (Reuters) - Here are news stories, press reports and events to watch which may affect Czech financial markets on Wednesday.
ALL TIMES GMT (Czech Republic: GMT + 2 hour)
Real-time economic data releases................. ECONALLCZ
Previous stories on Czech data............. **For a schedule of corporate and economic events: Link ** Please note Reuters stories updating economic data releases from central and eastern Europe will carry the CEE ECONOMY tag from May. Tables will still appear as usual.
PPI: May data due out at 9 a.m. (0700 GMT)
HAWKISH CENTRAL BANKERS: The Czech central bank needs to start raising interest rates soon to bring inflation to target on policy horizon, central bank board member Vojtech Benda and board adviser Jakub Mateju said in a newspaper article on Wednesday, pointing to the June 23 monetary policy meeting.
Czech central bank Vice-Governor Tomas Nidetzky is inclined toward raising interest rates rather soon to send a signal the bank will not tolerate higher inflation, he said in a newspaper interview published on Wednesday.
PARLIAMENT ON NUCLEAR PLANT: The lower house is expected to vote on a law setting a public financing model for the construction of a new nuclear power plant, after the government agreed to opposition demands to include an exclusion - already done on the executive level - of Chinese and Russian bidders from the project.
TUROW MINE ROW: The Czech Republic asked the European Union's top court to impose a fine of 5 million euros per day on Poland for not halting as ordered mining operations of the Turow lignite mine located on the border between the two countries.
COVID: The country reported 213 new cases for Tuesday, down from 384 a week ago as the pandemic wanes after hitting the country especially hard in the first quarter. Deaths have reached 30,254.
CEE MARKETS: Hungary's forint EURHUF= eased further against the euro on Tuesday after a central banker was quoted as saying that the bank would probably embark on quarterly rate hikes.
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Reporting by Prague Newsroom
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