Sale of part of CEZ approved. Czech government approved sale of 7% stake in CEZ yesterday. Sale should be realised in one year via stock exchange.
Revaluation and intervention. After revaluation of SKK floating band of in the framework of ERM II mechanism, Slovak National Bank allegedly intervened against strengthening of SKK this morning.
Slovakia on track. S&P rating agency stated that Slovakia is on track to fulfil Maastricht criteria for euro adoption in 2009. Revaluation of floating band does not influence country ratings.
Japanese rates unchanged. Bank of Japan left monetary politics settings unchanged at its board meeting which means that interest rates remain unchanged as well.
Well regulated policy. According to Czech National Bank vice-governor Singer, interest rates are well set and their further movement could be upwards or downwards. Singer expects rise of interest rates in the long-term.
Producers’ Price Index in Germany increased by 0.3% m/m in February. Production prices increased by 2.8% y/y.