The Czech National Bank made clear that it is more concerned about the impact of weakness in the euro-zone than strong domestic inflationary pressures. We still think that above-target inflation may trigger more tightening this year, but we have revised down our interest rate forecast and now expect one 25bp hike (previously 75bp of hikes this year).
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.