GOOD LUCK IS THE WORK OF HIGHER FORCES, SUCCESS THE PRODUCT
OF HIGHER TECHNICAL TRAINING.
Fresh macroeconomic figures increase the probability the change in CNB's FX policy will come soon. General elections and long-term risks from large inflow of foreign capital are against further delays in CNB's exit from the barrier of 27. At the same time, short-term EURCZK forwards are narrowing thanks to missing impact of Resolution Fund's charge = there is opportunity to hedge the risk of earlier CNB's exit at good price.