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 . . .
------------------------------------------------------------------------------
Subscriber content
Archival content is available to subscribers only. If you have a membership subscription and are are experiencing issues logging in, please try the login below:
If you're interested in reading further, why not gain full access to the archives by subscribing?
Order your subscription here and we'll send you an invoice.
Annual memberships (€100/yr) can also be paid for by credit card, or you can pay month-to-month by clicking here.
