Czech National Bank Predicts Inflation Will Stop at Ten

By: The Quinnipiac University Economics Research Team, Jack Hangen

The Czech national bank expects inflation to rise to nine or ten percent over the coming weeks, but bank leaders do not expect it to exceed ten percent. This newest prediction comes in contrast to their December forecast that inflation would be 5.6 percent although actual inflation was already 6.6 percent. Bank representatives said the factors that may be affecting inflation are ineffective government action and unfavorable conditions for businesses. They are unsure if inflation pressure is coming more from international tides rising all prices or from domestic-specific pressure. The National Bank has come under fire for trying to strengthen the crown, which will cost exporters billions of crowns per year. Inflation is going to continue to rise; only time will tell if it stops at ten percent.

This article is based upon:


Recent Posts

See All