The Czech National Bank accelerated the pace of its monetary easing cycle today with a 50bp interest rate cut, to 6.25%, and the post-meeting communications support our view that an even larger interest rate cut is on the cards at the next meeting in March. We currently think that interest rates will be cut by at least 75bp at that meeting, and that rates will fall further than most expect by the end of this year, to 3.75%.
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