More Aggressive Pace Of Interest Rate Cuts In Store For The Czech Republic
Country Risk / Czech Republic / Fri 09 Feb, 2024
Key View
- In the February 8 policy meeting, the Czech National Bank surprised our own and consensus expectations of a 25bps interest rate cut, by reducing rates by 50bps to 6.25%. In response, we have cut our end-2024 policy rate forecast from 4.75% to 4.25%.
- The more dovish tone adopted by policymakers leads us to believe that the bank