The Czech National Bank (ČNB) Board has assessed the inflation forecast risks on the horizon of monetary policy as balanced. The relative stability of interest rates until the middle of 2020 is consistent with this forecast following the May increase. This was reported by the central bank, according to which two board members pointed out at the June board meeting the movement of inflation close to the limit of the tolerance band. However the majority of the bank board agreed that the current value of inflation is not as significant as its outlook at the horizon of monetary policy, at which inflation returns to ČNB’s 2% target. In June the central bank left the repo rate at 2 %.
Sorce: ČIA news
Prepared by the team CzechTrade Israel / CzechInvest Israel