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Emerging Europe Economics Update

Emerging Europe Economics Update

Rising Czech inflation doesn't warrant higher interest rates

Last month’s pick-up in inflation in the Czech Republic is likely to give further ammunition to the hawks on the National Bank’s (CNB’s) policymaking Board. But core price pressures remain remarkably subdued, and we still think that interest rates could remain on hold until 2012.

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This article is tagged with the following subjects: Czech Republic, Emerging Europe, Growth, Inflation, Macro-economics, Monetary policy
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