The Czech National Bank’s (CNB’s) decision to leave interest rates on hold again today, at 7.00%, was accompanied by communications which leave the chances of an interest rate cut at the next meeting in December very finely balanced. At the margin, we currently think the CNB will wait until the start of 2024 before firing the starting gun on its easing cycle.
This publication has been updated with additional analysis from the post-meeting press statement and press conference.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services