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CNB's Zamrazilova Says Dec Meeting is ‘50-50’ Over Cut or Hold​

CZECHIA
  • Eva Zamrazilova said the path toward easing is in sight. Inflation is on track to drop toward 3% early next year from a peak of 18% in September of 2022, household consumption remains “very subdued” and a wage-price-spiral risk has mostly evaporated, she said in an interview which was cited by Bloomberg.
  • Still, the unpredictable nature of price jumps that commonly take place at the start of the year gives her pause about whether to deliver a cut at the Dec 21 meeting.
  • “Uncertainty regarding the January repricing has not significantly diminished,” Zamrazilova said. “So the December meeting is 50-50 for me at the moment — and I don’t know yet how I’m going to vote.”
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