Czech rates could rise twice before January

Czech rates could rise twice before January

Published at: 2018-09-13 09:21 | Author: CIJEurope.com
The Czech National Bank could raise interest rates twice before the end of the year, according to its governor Jiří Rusnok. He told Reuters the news just a month after the bank raised its basic rate to 1.25 percent before warning that the the next move could take place this month. "The Czech economy is probably near the peak of the economic cycle," he said. "We're growing very dynamically, though it's slower in comparison to last year, but this is more a cooling down from a very strong overheating. It's still an economy that's obviously in growth mode and there's no reason to heat it up using an expansive foreign exchange policy."

Similar Stories:

Societe Generale Bank in Montenegro to be renamed Podgoricka Banka
Societe Generale Bank in Montenegro is poised to be officially renamed Podgoricka Banka AD  »
Raiffeisen's expansion in Bosnia reaches 100th branch office
Raiffeisen Bank has opened its 100th branch office in Bosnia in Sarajevo on Mrehemica squa  »
AIK takes over Gorenjska banka
AIK banka has taken over Slovenia’s Gorenjska banka. The acquisition by the Serbian bank  »
ČSOB acquisition of ČSS given green light
The Czech antimonopoly office has approved a deal under which the bank ČSOB bought out th  »
Can you explain the issue of the so-called Greed Tax that was created by the Romanian gove   »
CIJ: Why is the financial crisis from the last decade still relevant today? The echoes ar   »
One of the long-standing paradoxes of Slovakia’s property market has long how difficult   »
The future is not out of our hands. Indeed, the main purpose of organised real estate is t   »