• CNB governor Tůma called attention to considerable tension on the job market, which may lead to inflation pressures. According to Vice-governor Singer, the pace of rate growth may slow down thanks to the strong crown. Vice-governor Niedermayer has expressed the same. Tomšík, a member of the Bank Board, took up the new prognosis as an important factor in further rates movement.
• Slovakian harmonized inflation reached 1.7% in September, with prices having increased by 0.3% m/m. The results are slightly above market expectations.
• The Nobel Price in economics was awarded to three American economists Leonid Hurwicz, Eric Maskin and Roger Myerson for a mechanism design theory. The theory studies designing conditions which would lead to the required market functioning.
• The Entrepreneurial Sentiment Index of Fed in New York rose in October to 28.75 points, which is significantly higher than the expected 13 points. The Index has been in its maximum since July 2004.
• Consumer prices in Poland increased by 2.3% m/m in September, while the market expected 1.9%. Wages in private sectors increased by 9.5% in the same month. Current account ended in a deficit of 637m Euro in September, which is a better result than expected.
• According to the managing director of the IMF Rodrigo Rato, dollar is still overvalued and he can see the ground for its weakening. Euro is still near its equilibrium. Chinese Juan should be more flexible and mirror more the actual Chinese economy.