Czech National Bank likely to hike key interest rate in September

Published: 10.10.2018 Related countries:  India India

Czech National Bank is increasing interest rates, which has impact to various aspects including higher rates of mortgage loans.

The Czech National Bank is set to meet this week for its monetary policy decision. According to a KBC Market Research report, the Czech central bank is expected to hike the repo rate to 1.50 percent. However, the question remains whether another interest rate hike comes as soon as in November.

Currently, the Czech National Bank’s comments are not clear. The hawks in the central bank’s Board might prefer a quick tightening scenario but it is far from being sure that the view has got majority support, added KBC Market Research.

Higher interest rates will have an impact even to higher interest rates of commercial banks in regard of lending money for Mortgage Loans. 

Worked out by the team of CzechTrade Mumbai.

With using the source: Prague Monitor