Latest news with #CzechNationalBank
Bloomberg
a day ago
- Business
- Bloomberg
Soaring Czech Home Prices Spell End to Easing, Policymaker Says
Czech interest-rate cuts are 'almost certainly' over for now as the central bank tackles inflation risks from soaring property prices, consumer spending and an improving economic outlook, a senior policymaker said. After a rapid pace of monetary easing last year, rate setters at the Czech National Bank have applied a stop-and-go approach since December. Market bets are predicting a hold on the benchmark rate at 3.5% on Aug. 7, but some analysts still see room for easing in the months ahead.
Economic Times
4 days ago
- Business
- Economic Times
Cryptocurrency Live News & Updates : Bitcoin Joins Reserve Discussions, Gold Prevails
27 Jul 2025 | 01:15:12 AM IST BlackRock's report highlights a shift towards de-dollarization, with gold maintaining dominance while Bitcoin enters sovereign reserve discussions amid rising geopolitical tensions and inflation. Recent developments in the cryptocurrency landscape reveal a significant shift in reserve strategies among central banks. BlackRock's report indicates that while gold remains the primary asset for hedging against economic instability, Bitcoin is increasingly being considered in reserve discussions. Central banks have ramped up gold purchases, with over 1,000 metric tons acquired in 2024 alone, reflecting a growing trend of de-dollarization. Meanwhile, Bitcoin's visibility in policy circles is rising, as evidenced by the Czech National Bank's internal review on potentially including Bitcoin in its reserves. On the altcoin front, investors are eyeing new opportunities, particularly with projects like PEPETO, which is gaining traction due to its unique features and community support. Unlike traditional memecoins, PEPETO offers real utility with zero-fee trading and cross-chain capabilities, making it a contender for significant gains in the upcoming altcoin season. As central banks navigate their reserve strategies, the interplay between established assets like gold and emerging digital currencies like Bitcoin and promising altcoins will shape the future of global finance. Show more
Crypto Insight
14-07-2025
- Business
- Crypto Insight
Czech central bank adds Coinbase to portfolio, boosts Palantir holdings
The Czech National Bank adjusted its US investment portfolio in the second quarter by increasing its stake in Palantir Technologies and initiating a new position in cryptocurrency exchange Coinbase Global. These moves were disclosed in a Form 13F filing, which is a quarterly report filed by investment managers to the Securities and Exchange Commission that discloses their US equity holdings. The filing shows the bank has added 51,732 Coinbase shares, worth over $18 million. The Czech National Bank also added 49,135 Palantir shares in the second quarter of the year, bringing its total to 519,950 by the end of June. Palantir, a data analytics firm, saw its stock surge 80% in the first half of 2025, outperforming the S&P 500's 5.5% gain. The company has benefited from strong earnings reports and growing investor interest in artificial intelligence. Coinbase joins S&P 500 Coinbase became the first crypto company to join the S&P 500 in May. The S&P 500 is a stock market index that tracks the performance of 500 of the largest, publicly traded companies in the US, representing a broad measure of the overall US stock market. The company's stock rose 41% in the first half of 2025 and gained an additional 10% in the following weeks. The exchange's shares are also up by around 60% over the past month, according to data from Google Finance. Meanwhile, Coinbase's total revenue dropped 10% quarter-over-quarter to $2 billion in Q1, missing industry expectations as trading activity slowed across the market. The company's net income plummeted 95% to $66 million, largely due to a $596 million paper loss on its crypto holdings. Transaction revenue also declined 18.9% to $1.26 billion, with trading volumes down 10.5% to $393 billion, reflecting a shrinking crypto market partly impacted by tariffs under the Trump administration. Despite this, earnings per share of $1.94 surpassed analyst estimates. Coinbase expands crypto footprint Coinbase has been expanding its market share in spot and derivatives trading with new acquisitions. In May, the firm announced that it had agreed to acquire the crypto options trading platform Deribit in a transaction worth $2.9 billion. Earlier this month, the company purchased Liquifi, a token management platform specializing in early-stage tokenization projects. The move enhances Coinbase's token cap table management, vesting, and compliance capabilities, enabling it to support token creators earlier in their development. Source:
Bloomberg
04-07-2025
- Business
- Bloomberg
Quickening Inflation Adds to Czech Central Bank's Cautious Case
Czech inflation accelerated in June to the fastest pace this year, supporting policymakers' cautious approach and limiting room for further interest-rate cuts. Consumer prices rose 2.9% from a year earlier, up from 2.4% in the previous month, according to preliminary data from the Czech Statistics Office in Prague on Friday. The reading matched the median estimate in a Bloomberg survey and was slightly above the central bank's own 2.8% projection for the month.
Bloomberg
25-06-2025
- Business
- Bloomberg
Czechs Hold Rates With Price Risks Limiting Room for More Cuts
The Czech central bank held interest rates at the lowest level since 2021 as investors seek signals from policymakers on whether there's room for more policy easing. The Czech National Bank kept the benchmark rate at 3.5% on Wednesday, as expected by all economists in a Bloomberg survey. The decision followed the stop-and-go pattern applied since December, which brought quarter-point reductions in February and May.
