Czech interest rates could rise again Thursday

Czech interest rates could rise again Thursday

Published at: 2018-10-29 11:01 | Author: CIJEurope.com
The Czech National Bank (CNB) is expected to raise interest rates again on Thursday at its regular meeting. Most economic observers are predicting a hike of 0.25 percent to 1.75 percent. This would be the fourth consecutive meeting at which the bank's council raised interest rates. The last hike was made at the council's meeting in September when rates were raised 0.25 percent to 1.5 percent. UniCredit Bank's chief economist told the Czech News Agency the CNB was just making up for lost time. "The weak koruna and the slow speed at which previous monetary tightenings have been reflected in the interest rates of commercial banks all speak for the raising of rates," he said. "Raised rates are completely expected by the markets so if the CBN didn't raise them it would cause a weakening of the koruna."

Similar Stories:

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  »
K&H Bank’s Q1 profit fall 19%
K&H Bank’s first quarter profit fell 19 percent y-o-y to HUF 12.2bn. The lender’s  »
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   »