We’d expected a large fall in Czech inflation in January, but the collapse from 6.9% y/y in December to just 2.3% y/y shows that price pressures are dissipating even more quickly than we’d anticipated. At the very least, this makes a larger interest rate cut (of 75bp or perhaps even bigger) at the next central bank meeting in March look very likely.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.