Czech central bank’s Frait expects rate cut debate this autumn – Reuters News Agency
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Business & FinanceEconomy
25 July 2023, 6:36 pm 1 minute
Reuters exclusively reported that the Czech central bank will begin debating lowering interest rates as soon as this autumn as it expects inflation to drop sharply particularly at the beginning of next year.
Market Impact
With inflation on a downward path across central Europe, markets are betting on who may follow Hungary in easing monetary policy. Vice-Governor Jan Frait expected the drop in inflation to be “very strong” at the start of 2024, when the central bank’s forecast sees price growth falling near its 2% target, from 9.7% in June. He also said the crown, which has lost 3.3% versus the euro since a 15-year high in April, was resilient to narrowing interest rate differentials.
Article Tags
Topics of Interest: Business & FinanceEconomy
Type: Reuters Best
Sectors: Business & FinanceEconomy & Policy
Regions: Europe
Countries: Czech Republic
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
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