Czech National Bank Releases November Financial Market Inflation Expectations

The Czech National Bank has published the results of its Financial Market Inflation Expectations survey for November:

• "The data obtained suggest that the one-year inflation forecast rose considerably, while the three-year forecast was corrected down to levels estimated during summer."
• "The estimate for GDP growth remains unchanged for this year, but the economic outlook for next year is less optimistic than in the previous round of the survey."
• "Most of the analysts expect the 2W repo rate to remain unchanged until the end of this year but decline more slowly at the one-year horizon."
• "The koruna exchange rate forecasts shifted to stronger levels at both the one-month and one-year horizons, owing probably to foreign exchange market developments"
• "As the exchange rate on the closing date of this survey was stronger, it is clear that the analysts on average expect a slight correction to weaker levels."
• Click here to see the full report.