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Czech Central Bank Voted 5-2 to Raise Rates by 50bps to 5.00%

CNB
  • Czech central bank governor Rusnok's post-rate decision press conference begins with the disclosure that 5 of the board's members voted for the 50bps rate rise, while 2 voted to keep policy unchanged.
  • Rusnok adds that inflation is to remain "very high" throughout 2022.
  • The bank states that the board remains ready to raise rates further in order to prevent the unanchoring of inflation expectations.
  • So far, very much infitting with expectations and little response in EUR/CZK rate - remains just above earlier lows of 24.3568.

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