The 6.2% q/q rebound in Czech GDP in Q3 was stronger than expected, but this predated the surge in virus infections and tightening of restrictions which we expect to cause a renewed contraction in Q4. This will strengthen the case for an interest rate cut at next week’s CNB meeting, although the balance still seems tilted towards no change.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.