Czech National Bank raises rates

As widely expected the Czech National Bank (CNB) today raised its main interest rate by 25 basis points to 3% in an ongoing rate tightening cycle.

The decision was based on the central bank's new quarterly forecast, which analysts interpret as indicating a likely rise in inflation over the coming 18 months.

In June inflation was at 2.5%, half a percentage point over what the central bank had projected in its last forecast in April. The CNB's inflation target is 3% with 1% leeway either side of

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: