26th June 2014

ČNB will continue its monetary intervention

According to the results of meeting of board of directors of Czech National Bank the central bank would continue its monetary intervention at least till the end of the year 2014. The basic interest rate stayed at the level of 0,05 % and the EUR/CZK exchange rate would remain at 27 CZK.  According to economic forecast which was also published by the ČNB the Czech economy would grow by 2.6 %. Experts and analyst diverge on forecast of duration of ČNB monetary intervention. Some are more optimistic  and like Karel Havlíček of Association of SME and expect the end of monetary intervention during the first half of 2015 while other analysts are more sceptic stating that Czech economy is growing but inflation is still lagging behind.

For more click here and here.

Members of the American Chamber of Commerce in the Czech Republic