Pace Of Czech Policy Easing To Slow On Stronger Growth
Country Risk / Czech Republic / Fri 03 May, 2024
Key View
- The Czech National Bank (CNB) cut rates by 50bps to 5.25% on May 2 2024, as we had expected, while adopting a less dovish tone. This has prompted us to keep our end-2024 policy rate forecast unchanged at 4.25%.
- A firmer recovery in economic activity in 2024, which will drive higher inflationary pressure from H224, underpins our more-hawkish