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HomeEconomyCzech central bank's Frait expects rate cut debate this autumn

Czech central bank’s Frait expects rate cut debate this autumn

Business & FinanceEconomy

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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