Czech Premier Urges Interest Rate Cut as Inflation Risks Grow
4 Articles
4 Articles
Czech Premier Urges Interest Rate Cut as Inflation Risks Grow
(Bloomberg) — The Czech Republic’s prime minister urged the central bank to cut interest rates, doubling down on his push for lower borrowing costs even as the country faces growing inflation risks from energy prices.
Prime Minister Andrej Babiš (ANO) has criticized the governor of the Czech National Bank, Aleš Michl. He accuses him of keeping the base interest rate at 3.5 percent. According to Babiš, the rate is too high, which makes mortgages more expensive for people and loans for companies.
Prime Minister Vladimir Putin yesterday urged Czech National Bank governor Aleš Michl for the central bank to cut interest rates. According to the Prime Minister, there is no reason for the Czech Republic to have higher rates than the eurozone. In the Czech Republic, the base interest rate is 3.5 percent, in the euro area 2.0 percent. CNB to the ČTK...
Prime Minister Andrej Babiš (ANO) today called on the Governor of the Czech National Bank (ČNB), Aleš Michl, to lower interest rates. According to the Prime Minister, there is no reason for the Czech Republic to have higher rates than the eurozone. In the Czech Republic, the base interest rate is 3.5 percent, in the eurozone it is 2.0 percent. The CNB stated that it does not comment on the statements of politicians. According to the law, the cen…
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