Czech Economy: Inflationary Pressure Fading, Interest Rates Forecasted to Fall Rapidly
Michl stated that cost and demand inflationary pressures are fading in the Czech economy. Demand remains subdued thanks to strict monetary policy, and the risk of a wage-inflationary spiral did not materialize. According to the CNB’s new forecast, market interest rates should fall rapidly this year. But Michl said that in the first and second … Read more