Denisa Višnovská (Lexxus): Mortgage rates will soon top 5% if central bank moves on Thursday

Published: 30. 03. 2022
mortgage

The Czech National Bank looks set to raise its base interest rates yet again tomorrow (Thursday), continuing a pattern that began at the beginning of last summer. Rates fell to just 0.25% during the pandemic, but a dangerous cocktail of public spending and supply chain disruption caused inflation to spike as life slowly returned to normal during 2021. Nearly a year later, inflation is now suspected to be running as high as 14% and rates currently sit at 4.5%. And the CNB is expected to push rates up another 50 bps from 4.5% to 5%. There’s . . .

------------------------------------------------------------------------------

 

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. 

 

 

 

 

Support ThePrime. Get access to the entire archive. Only €8/month!

You May Also Like…

Verified by MonsterInsights