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Updated · Bloomberg · May 7Czech National Bank keeps benchmark interest rate at 3.5% for eighth meeting
8 articles · Updated · Bloomberg · May 7
- The decision, expected on Thursday, was backed by all analysts in a Bloomberg survey.
- Policymakers are taking more time to assess how higher fuel costs feed into consumer prices and economic growth.
- The stance suggests officials are, for now, looking past the energy shock while monitoring risks to living costs and the wider economy.
If interest rates can't fix soaring energy prices, what is the Czech Republic's long-term plan for energy security? With property prices soaring 10%, why is the central bank not hiking rates to prevent a housing bubble?