Show more You can also listen to the article in audio version. What you will read in the analysis Czech companies take out crown loans from banks instead huge amount of loans in eurosfor which – unlike crown bonds – they do not pay such high interest. He transfers a large part of these loans … Read more
In a period of double-digit inflation, monetary policy unsurprisingly becomes the subject of public debate. Although the Czech National Bank (ČNB), or rather the Banking Council, in the first half of last year, from the point of view of the history of monetary policy, tightened its monetary policy extremely sharply, it still finds itself in … Read more
Going to the competition for a cheaper mortgage has never been easier. And when interest rates start moving, some clients will want to look elsewhere for better interest rates. So far it’s almost free. The vast majority of Czech banks “fine” leaving before the expiry of the fixation only symbolically, in the form of one … Read more
The average inflation rate for the year 2022 was 15.1% in the Czech Republic, which is the second highest value since the creation of an independent state. The prospects for its reduction in 2023 are not yet very promising, both according to the same price stability supervisor CNB and according to Czech bosses. This results … Read more
The Central Bank has long emphasized that generating profit is not its main task. This takes care of price and financial stability. According to Jakub Seidler, chief economist at the Czech Banking Association, last year’s loss was due to a combination of a strong krone, declining equity portfolios and higher interest rates. “The current situation … Read more
You can also listen to the audio version of the interview. The Czech National Bank has maintained a stable exchange rate since Governor Aleš Michl and three other bank board members took office in July, and interest rates remain at seven percent. CNB adviser Jan Frait says, however, that there could be a situation where … Read more
Parity between the euro and the dollar is undoubtedly a significant event in the world foreign exchange markets, which has not been here for 20 years. The single European currency has been falling against the dollar for almost a year and a half, with differing central bank policies playing a big part in the story. … Read more
You can also listen to the article in audio version. – All populist politicians, and so far even many economists, fix their eyes on inflation, let themselves be carried away by news about the rise in the price of this or that, about long delivery times, complicated transport or the unavailability of a specific product. … Read more
You can also listen to the interview in the audio version. – The president sent three new councilors to the future central bank governor Aleš Michl. From 1 July, Eva Zamrazilová, Karina Kubelková and the current CNB economist Jan Frait will sit on it. – “Inflation control is always expensive, it won’t get any better. … Read more
Central bankers predicted that the spring would be challenging in terms of inflation, and then price growth would gradually begin to return to the 2% mark. But the war in Ukraine has rewritten all estimates and will push inflation into the distant future. – This is also confirmed by February data from Czech statisticians, according … Read more