Czech National Bank – Inflation Report
Inflation will fall to low-but-positive levels in 2009, and then it will gradually increase toward the new 2% target in 2010, notes the Czech National Bank in its latest Inflation Report.
The report notes that the lower outlook both for core inflation and food prices reflects weaker macroeconomic inflationary pressures and sharply falling prices of agricultural commodities. The report also notes that positive quarter-on-quarter growth rates are expected from third quarter of 2009.
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