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Government Prepares Compensation For Businesses Impacted by Covid Curbs

CZECHIA
  • The outgoing Czech government approved a plan to compensate businesses hurt by the latest curbs on unvaccinated people imposed to stem rapid growth of Covid-19 cases (BBG).
  • This morning, Cabinet will discuss measures against Covid with regional administrations.
  • Yesterday, CNB policymaker Holub said that the policy rate may need to be temporarily above the 'neutral' level.
  • We have seen that the CNB has been hiking rate aggressively in the past few months to curb inflationary pressures to combat inflation.
  • However, the sharp rise in ST rates combined with the recent inversion in the yield curve have increased recession risks.

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