CNB raises Czech rates to return inflation to target
A stronger currency is supporting central bank in efforts to control price pressures
The board of the Czech National Bank decided to increase the two-week repurchase agreement rate by 25 basis points to 0.75% today (February 1), as it forecasts inflation will remain above the 2% target in 2018.
Strong economic growth, external and national demand, and rising wages have increased inflation in the Czech Republic. “Rising labour demand coupled with an increasingly distinct shortage of available labour will manifest itself in continued rapid wage growth,” says a statement published
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