ČNB: Analysts predict inflation of 2.3%

Published: 08.01.2020 Related countries:  India India

Inflation in the Czech Republic estimated for 2020 at level of 2.3 %


The prediction of inflation in the Czech Republic reaches 2.3% at


a one-year horizon. This stems from a December survey among


analysts published by the Czech National Bank (ČNB). The


economists predict a growth in consumer prices by 2.0% in their


three-year outlook. Lower import prices may affect the pace of


growth of the domestic price level. The respondents also think that


the GDP growth will reach 2.5% for 2019 and 2.1% for 2020. No


dramatic economic downturn is foreseen over the next year, as the


German economy is expected to recover gradually. According to the


majority of the respondents, ČNB rates will remain on their current


levels in the years 2020.

Source: www.cianews.cz

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