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MNI CNB Preview - May 2021: On Hold For H121

Czech National Bank
  • The Czech National Bank is expected to keep their benchmark rate (the two-week repo rate), the discount rate and the Lombard rate steady at 0.25%, 0.05% and 1%, respectively.
  • Even though the uncertainty over inflation expectations remains elevated and CPI inflation is very likely to rise above 3% in the short term, policymakers have recently confirmed that the inflation risk is still 'manageable' and that inflationary pressures should ease in the second half of 2021.

Source: Bloomberg/MNI

Full report here:

MNI Czech CB Preview May 2021.pdf

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