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2022/06/20 / Erste Group Research

Due to soaring inflation, it is more than evident that further tightening will be delivered by the CNB this week, but the size of the hike remains unclear. Whereas the market expects 125bp hike, we lean towards a 100bp step which would bring the key rate up to 6.75%. June hike will probably be the last during this cycle, and we expect November to bring the first rate cut, as inflation should ease.

General information

AuthorErste Group Research
Product nameVideo
Topic in focusFX, Macro/ Fixed income
Economy in focusCEE, Czech Republic
Currency in focusCzech Koruna
Sector in focus-


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