ČNB: Analysts expect inflation of 2.3 %, GDP growth of 2.7 %

Published: 07.11.2019 Related countries:  U.S.A. U.S.A.

ČNB: Analysts expect inflation of 2.3 %, GDP growth of 2.7 %

The results of the October survey by the Czech National Bank (ČNB) among analysts indicate a slight increase in the annual inflation forecast to 2.3 % with a slightly higher GDP growth forecast for 2019 at 2.7 %. None of the respondents expects the 2T repo rate to change at the ČNB’s November session. The annual forecast of the nominal rate (CZK 25.50 per euro) has adapted to developments on the foreign currency market and a slightly higher dynamic is expected in the case of nominal salaries compared to the previous survey (+5.5 % for year 2020).

Source: www.cianews

Prepared by the team of foreign office CzechTrade Chicago