The Czech central bank raised its main interest rate by a larger-than-expected 75 basis points on Thursday to 5.75%, the highest since 1999, as inflation soared on global price shocks and a tight.
War may be raging on their doorstep but Central Europe’s economies are outpacing their euro zone peers as consumer spending booms. A reversal could come as soon as this summer, however, leaving a painful, inflation-laced hangover. Economists are already sounding the alarm about inflation momentum in Hungary and Poland, fuelled partly in both countries by .
CNB may keep rates stable or hike in May - Czech National Bank cnb.cz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnb.cz Daily Mail and Mail on Sunday newspapers.
M Mora for Reuters – Stronger Czech rate hike still needed in inflation fight cnb.cz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnb.cz Daily Mail and Mail on Sunday newspapers.