• According to expectations, Czech National Bank increased interest rate by 25bps to 3%. Also, inflation forecast and GDP growth forecast were increased and further monetary policy tightening is on the horizon. • Industrial producers‘ price index in Slovakia increased by 1.3% y/y in June. Month-on-month production prices increase reached 0.3%. • Unemployment rate in Hungary from April to June declined to 7.0% against 7.3% during March to May. • Sale of new houses in the USA in June declined by 6.6% to 834k while market expected moderate increase to 895k. • Germany’s business climate index (Ifo) decreased to 106.4 in June compared with market expectations of 106.5. Increase of cash pile in eurozone in June reached 10.9% which is slightly above estimates.