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Zamrazilova Sees Weakening Domestic Czech Price Drivers

CZECHIA

LOCAL NEWS

  • CNB member Jan Frait stated in an opinion column that the current level of Czech rates is already creating ‘restrictive monetary conditions’.
  • Frait added that real declines are visible in retail sales and household consumption, with housing market showing signs of cooling down.
  • CNB Zamrazilova mentioned in an interview (Seznam) that she sees weakening domestic Czech price drivers.
  • This morning, economic data to watch will be PPI inflation (9am CET), expected to decelerate to 27.7 in July (vs. 28.5% the previous month).

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