Czech National Bank makes 125bp hike

The Czech National Bank

The Czech National Bank caught investors off guard today (November 4) with a hefty rate hike as it looks to curb surging inflation.

The CNB board voted 5:2 to hike the main rate by 125 basis points, taking it to 2.75%. No analyst polled by Reuters had expected such a large hike.

The central bank expects a “sharp rise” in market interest rates at the end of 2021 and in early 2022, in response to “exceptionally strong price pressures” both domestically and overseas.

CNB forecasts predict

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

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 individual account here: