The annual growth in the real GDP will reach 3.9% in 2018. In 2019 the economic growth will slow down to 3.4%. This is expected by the Czech National Bank (ČNB). The central bank’s inflation forecast for the April-June 2018 period equalled 1.9% for all three months. At the monetary policy horizon, the year-on-year increase in the consumer price index will likely reach 1.7% in Q2 2019 and 1.8% in Q3 2019.