The Czech National Bank’s monetary council meets today, and there’s a real chance they could cut interest rates for the first time since 2020. Bloomberg writes that the 17 of the 23 economists it surveyed said it was likely that the country’s benchmark rate by 25 bps to 6.75%. Morgan Stanley’s economist Gerogi Deyanov said the decision would be “extremely close”.
“We believe that there is a marginally higher chance that the MPC will decide to engage in a smooth easing cycle rather than remain passive, and having to face the need for bigger rate . . .
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