Economic policy / Macroeconomic Indicators, Economic Growth

This section reports on economic policy initiatives of the Czech government, the EU, and other entities that have a direct impact on the competitiveness of the country. It also includes information on economic priorities of the AmCham and other leading associations.

Spotlight issue

6th May 2019 / Economic policy / Macroeconomic Indicators, Economic Growth


ING Bank Czech Republic: The CNB delivered dovish hike as expected

The Czech National Bank delivered a 25bp hike as broadly expected by the market. While the CNB staff forecast still shows one more hike for 2019, Gov Rusnok clearly signalled no more hikes this year as a base case. Any further hike this year is only likely if there is a significant improvement in foreign developments. This does not seem very likely at this point.
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29th March 2019 / Economic policy / Macroeconomic Indicators, Economic Growth


ING Bank Czech Republic: CNB Review: The May rate hike is still on the table

The Czech National Bank remained on hold today as expected. The neutral tone of Governor Rusnok’s press conference has been an outlier within the realm of the dovish bias of central banks globally. A CNB hike in May, when the new forecast is presented, still remains on the cards if the data stabilizes and Czech koruna remains soft, ING Bank Czech Republic writes.
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26th March 2019 / Economic policy / Macroeconomic Indicators, Economic Growth


CNB to postpone hike amid Brexit chaos

While a strong domestic economic performance calls for a hike in March, the uncertainty surrounding the external environment is likely to prevail, leaving the CNB board in wait-and-see mode. We still believe the CNB will deliver two hikes this year, but we will have to wait for the Brexit situation to calm down and for stronger signals regarding a recovery in Germany.
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Members of the American Chamber of Commerce in the Czech Republic