Czech central bank holds rates in unanimous decision
CNB takes wait-and-see approach despite strong economic growth
The board of the Czech National Bank (CNB) has held rates in a unanimous decision.
The bank said its key rate, the two-week repurchase rate, would remain at 3.5% following the decision today (June 25). It noted that the risks and uncertainties in the economy were “inflationary overall”, and it expected inflation to stay above 2% for the rest of the year.
The CNB said inflation was continuing to be driven by rising service prices. This services inflation, it said, reflected previous cost shocks
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