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Europe May See Rate Hikes in 2021 as Czechs Mull Tightening Bloomberg 1/26/2021 Krystof Chamonikolas and Peter Laca (Bloomberg) The Czech Republic may raise interest rates as many as two times this year, central bank Governor Jiri Rusnok said, departing from the global trend of pursuing ultra-loose monetary policy against the Covid-19 crisis. Rusnok, speaking in an interview, said he sees economic growth picking up in the second half of the year, partly due to progress on vaccinations. He said unemployment, which is the European Union’s lowest, is also expected to remain subdued and keep pressure on consumer prices. Like other nations across Europe, the Czechs have locked down their retail and hospitality industries to get a grip on the pandemic. The export-dependent economy is selling cars, electronics and other goods everywhere from Germany to China to drive economic growth.

Czech republicJiri rusnokEuropean unionGovernor jiri rusnokBloomberg czechCzechs cede debt aversion withRecord deficitBloomberg fiscal helpசெக் குடியரசுஐரோப்பிய தொழிற்சங்கம்ப்ளூம்பெர்க் செக்பதிவு பற்றாக்குறைப்ளூம்பெர்க் நிதி உதவி