The Czech National Bank (CNB) is likely to hold interest rates unchanged through 2020 as it balances inflationary pressures at home with policy easing and economic weakness abroad, a Reuters poll of analysts showed on Monday. The central bank has paused its two-year tightening cycle since delivering a rate hike in May, when it ...
Czech consumer prices increased 2.9% in August, remaining within the Czech National Bank’s target range. Goods and Services Prices Prices of goods and services rose 2.5% and 3.8%, respectively. Month-on-month, consumer prices gained 0.1 percent in August. Import and Export Prices Import prices declined at 1.7% annually in July, while export prices dropped 0.5% y/y. Export ...
The Czech National Bank held interest rates on Thursday and signaled they would stay unchanged in coming quarters, as robust momentum in the domestic economy offsets the impact of monetary easing abroad. The bank has paused a two-year tightening cycle and, as it edged up its forecasts for economic growth, Governor Jiri Rusnok said ...
July’s confidence remains broadly unchanged compared to the previous month. The decline in confidence among entrepreneurs was offset by higher consumer confidence, but business confidence is the weakest in about the last six years. Confidence among entrepreneurs declined further in July, reaching the lowest level since August 2014. The decline in July was mainly ...
Six of the seven board members of the Czech National Bank voted on Wednesday to keep the benchmark rate unchanged at 2 percent, bank governor Jiří Rusnok told a news conference. The central bank had voted unanimously in May to raise borrowing costs for an eighth time in two years. At the policy-setting meeting ...
The Czech central bank raised interest rates to the highest in a decade as a persistently weak koruna adds to inflationary pressure. After leading Europe with five hikes last year, the bank raised its benchmark a quarter-point to 2 percent on Thursday. At the previous three meetings, it kept rates unchanged as Brexit, trade wars, ...
Central bank Vice-Governor Marek Mora is ready to back a 25-basis-point increase in interest rates at next week’s monetary policy meeting if new economic forecasts support further tightening, he said in an interview. With price pressures still coming from the growing domestic economy, Mora could be the swing vote in favour of an increase that ...
The crown is expected to strengthen by 2 percent versus the euro in the coming year if the Czech central bank (CNB) continues to increase interest rates to fight inflation, according to a Reuters poll of analysts. That is the only meaningful gain projected for a Central European currency in the April 1-3 poll ...
Czechs have long been weary of exchange offices, some of which surprise clients by unrealistic exchange rates, or high exchange payment charges. For unsuspecting tourists new to the country, they can be a very sour welcome. To tackle this problem, a new amendment to the Foreign Exchange Act was passed by Parliament in December, ...
