Last month’s stronger-than-expected rise in Czech headline inflation was driven entirely by higher food and fuel inflation and, on its own, is unlikely to be of too much concern to the National Bank’s MPC. However, taken together with the large rise in capital inflows related to speculation on the koruna, the chances of the MPC removing the exchange rate ceiling earlier in Q2 are rising.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services