There Is Nothing to Wait for. According to Economists, the Czech National Bank Will Raise Rates
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5 Articles
According to economists, the Czech National Bank will raise its base interest rate by a quarter of a percentage point to four percent on Thursday. It will try to prevent the rise in the price of energy, fuel and other so-called inputs from spilling over into the prices of goods and services. Inflation is gaining momentum and its outlook is worsening. At the same time, higher rates may further increase the cost of loans, including new mortgages a…
The Bank Board of the Czech National Bank (CNB) will decide on the next interest rate setting today. Analysts expect it to raise the base interest rate by a quarter of a percentage point to four percent. This would mark its highest level since the beginning of 2025. The last time the Bank Board raised interest rates was in June.
The Czech National Bank (CNB) Bank Board is likely to raise the base interest rate by a quarter of a percentage point to four percent on Thursday. This is expected by analysts, who believe that October's slowdown in inflation to 2.4 percent is only temporary and inflation will exceed three percent next year. The base rate has been at 3.75 percent since June, when the Bank Board raised it by a quarter of a percentage point.
COMMENTARY BY VOJTĚCH KRISTEN | The Czech National Bank will decide on interest rates again at its Thursday meeting. And it will probably raise them. According to analysts' expectations, the members of the bank board should tighten monetary policy by a quarter of a percentage point. Such a move would also mean another headache for Andrej Babiš, who has long been pushing the CNB to lower rates.
Inflation in October slowed down from 2.5 percent in September to 2.4 percent, according to preliminary estimates. So why should the Czech National Bank raise rates on Thursday? Fruit and vegetables did not increase in price as much this autumn as last year, and lower excise tax on diesel helped. However, the price increase in services is not slowing down. In September, the core...
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- 100% of the sources lean Left
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