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CNB May Raise Rates Faster Than Central Bank's Spring Forecast

CZECHIA
  • Czech policymaker Banker Benda mentioned in an interview today that CNB may raise interest rates faster than the central bank's spring forecast.
  • Benda may propose a 50bps hike at the next meeting on August 5.
  • Market is currently pricing in a 25bps hike next meeting.
  • Benda also mentioned that tolerating temporary higher inflation might spur inflationary expectations.

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