Hours after the Czech Central Bank announced its shock rate hike on November 4, ThePrime asked Pavel Velebil (TIDE REALITY) for his reaction to the move and its potential impact on the residential market
Today’s dramatic step by the Czech National Bank has two meanings. First, the bank wants to achieve higher rates for commercial loans and mortgages. But the second meaning is possibly more important: The central bank is sending a clear signal that it intends to fight both inflation and inflation expectations.
In fact, today’s move . . .
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