According to Fincentrum Hypoindex, the average mortgage rate rose by 29 basis points to 2.99% per year in December. The average rate thus remained just below the 3% mark at the end of the year. – The rate on refinanced loans was about one percentage point lower, the competitive indicator CBA Hypomonitor said last week. … Read more
“We will experience inflation rates that we have not experienced in the last 20 years. The year 2022 will probably be a year of preciousness. Our monetary policy is trying to get citizens to save more and spend less. If they have to work harder, I would leave it to them, “Mora told SZ Business. … Read more
Inflation and the associated growth in bond yields in developed countries will lead to a decline in the exchange rates of those countries that belong to the category of young market economies in Europe, the Middle East and Africa. – Analysts at the US investment bank JPMorgan predict this. However, according to them, there will … Read more
Although currently offered mortgage rates are hitting the five percent mark, the October Fincentrum Hypoindex indicator has so far stopped at 2.54 percent. It has been growing since March this year. – According to Jiří Sýkora, an analyst at Fincentrum & Swiss Life Select, the index is about two months behind the offer rates. “This … Read more
The Czech National Bank (CNB) draws attention to fraudulent telephone calls. The callers impersonate the CNB and try to lure the client’s login details to his electronic banking and payment card details such as the card number, owner’s name, validity period or CVV code. – “Please note that the CNB never contacts the public in … Read more
The automotive industry is asking the government for help The return of Antivirus is at stake. This time only for the automotive industry. The most powerful man of the Volkswagen Group, Herbert Diess, came to the Czech Republic. The management of Škoda Auto is dealing with the government about the lack of chips and the … Read more
It is the second coin from the ten-part cycle of the Municipal Monument Reserve. It is on sale from today. – “In the case of Jihlava, from the point of view of the central banker, it is impossible not to mention that this city owes its long-term architectural development to wealth gained from silver mining, … Read more
Jan Sadil, a member of the ČSOB Board of Directors, discussed what is happening in the mortgage market and what effect the recent significant increase in Czech National Bank rates will have in an interview for SZ Byznys. – The central bank raised its key interest rate by 0.75 percentage point last Thursday. What exactly … Read more