Czechia: inflation pressures to drive further rate hikes
With inflation pressures building, labour cost growth remaining high and credit growth strong, the conditions appear to be in place for the Czech central bank (CNB) to continue its tightening cycle at its upcoming meeting. We maintain our forecast for a 25bp hike in November, which would take the policy rate to 4.00%, with another hike to come next 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.