ČNB’s interest rate hikes no match for real estate inflation
Czech interest rates began rising rapidly halfway through 2021, because the central bank claimed it was the only way to stop runaway inflation. Oh well. As with just about everything else here, the evidence from one-quarter of the way through 2022 is that it’s not working. Land, for example, rose 25% during Q1 2022, according … Continue reading ČNB’s interest rate hikes no match for real estate inflation
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