Compared to other countries, CR is an economic paradise

Published: 2017-12-11 Relaterade länder:  Sverige Sverige

The exchange rate commitment was based on the need to normalise the development of all common items, such as wages and prices.

The exchange rate commitment was based on the need to normalise the development of all common items, such as wages and prices. Czech Republic is lucky in comparison to other countries, which experience the paradox of growing wages and low inflation and have thus a hard time deciding how the monetary policy should respond and what it should do, Czech National Bank’s vice-governor Mojmír Hampl says in an interview. The preventive measures proposed by CNB are aimed to cool the market and increase availability of real estate.