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.
