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'Hard to Find’ A Reason For Rate Hike (Frait)

CZECHIA

LOCAL NEWS

  • NBP ‘dove’ Jan Frait mentioned in a recent interview that it is hard to find a reason for Czech rate hike now.
  • Frait added that tight labor market, with persistent shortage of workers, is one of reasons why the CNB will keep rates higher for longer.
  • The CNB is meeting on September 30 and the central bank is likely to keep its policy rate steady at 7%.
  • There are no important economic data to watch this week.

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