Overheating economy prompts Czech rate hike

Overheating economy prompts Czech rate hike

Published at: 2017-11-03 09:11 | Author: CIJ Journal
The Czech National Bank raised its interest rates by 25 BPS on Thursday, pretty much as predicted. The bank's council voted unanimously on the move and warned that it couldn't rule out another increase at its next meeting. This piece of bad news, for those about to take out mortgages or other loans, spells good news, at least for the near future. Because in announcing the rate hike, the CNB also revealed that its growth predictions for GDP growth this year had risen to 4.5 percent. In other words, the bank is now worried that the economy is overheating. With the country running out of labor and wages, at least in some sectors, jumping dramatically, it's hard to argue the point.

Similar Stories:

C&W launches design and build service line in Poland
Cushman & Wakefield has expanded its project and development services team to include  »
Revetas acquires TriGranit from TPG Real Estate
Revetas, together with funds managed by Goldman Sachs Asset Management, has acquired TriGr  »
Revetas acquires TriGranit from TPG Real Estate
Revetas, together with funds managed by Goldman Sachs Asset Management, has acquired TriGr  »
PPF Group to buy Telenor Banka in Serbia
PPF Group has agreed to buy Telenor Banka in Serbia from Norway’s Telenor Group. The acq  »
Golub Gethouse may be best known for its office projects, but the company is looking to ex   »
Projects have been chosen from the winners of the CIJ Awards series across CEE last year a   »
Echo Investment sold 1,427 apartments in 2017, up 54 percent from the previous year. The d   »
ČS nemovitostní fond (CSNF), managed by REICO investiční společnost České spořitel   »