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Polish public support for Ukraine’s EU and NATO membership drops sharply – poll
23 hours ago
The Czech National Bank (CNB) has kept the main interest rate at 3.5% (chart) following a unanimous decision at the monetary board meeting on June 25. The decision was widely expected.
“We are keeping all the options open, but if it will be needed, we can easily raise the rates,” CNB Governor Aleš Michl told Czech media, including the Czech Press Agency, at the press conference following the meeting.
“At the moment, it looks like rates will remain at the current level for some time,” he added, noting that there are pro-inflationary risks in the economy, and that CNB’s goal remains the 2% inflation target Michl declared previously.
Czech inflation accelerated to 2.4% in May after easing to 1.8% in April and was met with expectations of possibly accelerating even further to 3% from local market analysts.
Although analysts do not rule out further lowering of rates, many also see it as realistic that no further cuts will take place in the near future. The rates are now the lowest since December 2021.
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