I spoke with Mark Robinson (Encor Wealth Management) & Michal Stupavsky (Conseq) about inflation in the Czech Republic. Is it persistent? Or is it falling fast enough to warrant reducing interest rates?
“The base rate of the Czech Republic should be higher,” Stupavsky tells ThePrime Pod, considering that inflation was 18% just a few months ago and real inflation-adjusted interest rates were negative. “I believe the previous bank board with Jiri Rusnok did a pretty good job, but we achieved 7% repo rate a year ago. Since then the new board with Governor Michl did basically nothing.”
