3Things: Today’s rate hike, AFI Europe and the construction law

Robert McLean

#cee, #proptech, #development a #architecture

Czech interest rates have been climbing steadily for the past year, as the central bank overlords try desperately to strangle the inflation beast. In the interests of brevity, let’s just say it’s not working. Interest rates shot up from 0.25% to 3.75%, but as of December 2021, inflation was running at 6.6%. As a result, the Czech National Bank is expected to tighten the screw by another 75 bps at its scheduled meeting today. Writing in iHned.cz, Martin Gutler (Komerční banka) noted that inflation is expected to come in at 9 . . .



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