Inflation watch: ČNB to raise interest rates

Robert McLean

#cee, #proptech, #development a #architecture

If the experts aren't wrong, the Czech National Bank will raise the base interest rate on Wednesday in an attempt to rein in the inflationary pressures caused by the reopening of the economy. Before the pandemic, interest rates had risen to 2.25%, but by May 2020, they'd fallen to the current 0.25%. The Czech Press Agency asked several economists for their predictions on this week's meeting of the CNB's council. They agreed that the most likely scenario was a symbolic hike of 0.25% to 0.5%. But with inflation currently running at around . . .

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