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CNB Minutes Show Board Still Split Between Unchanged/Rate Rise

CZECHIA

Czech central bank minutes highlights:

  • Board members agreed a rate cut was not on the horizon
  • Holub was the sole MPC member to vote for a 25bps rate rise
  • Prochazka saw new information as not yet forcing the bank off its unchanged rate path strategy
  • Faster wage growth identified as a key upside risk to inflation

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