The small rise in Czech inflation last month, to 0.2% y/y, slightly reduces the probability that the National Bank will ease monetary conditions further at next month’s MPC meeting. Nonetheless, with core inflation at just zero, we continue to think it’s more likely than not that policymakers will shift the exchange rate ceiling to a weaker level.
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