Czech Real Estate Market Heats Up: Prices Poised for Significant Growth Table of Contents Czech Real Estate Market Heats Up: Prices Poised for Significant Growth Higher Prices Mean Higher Costs for Buyers European Housing Crisis: Soaring Rents and Unaffordable Homes Housing market Heat Up: Czech Republic Predicts Soaring Prices What are the main factors contributing … Read more
The main two-week repo rate will drop by 0.25 percentage points to 4.50 percent from Friday, the seven-member banking board of the CNB unanimously decided on Thursday. Each of the previous four monetary meetings of the Bank Board brought a reduction in the two-week repo rate by 0.5 percentage points, only when the CNB started … Read more
You may as well hearken to the article in audio model. The CNB said in a press launch right now that it revoked the license to function from the non-bank client credit score supplier Truthful Credit score Czech, s.r.o. In response to the central financial institution, the reason being the truth that the corporate didn’t … Read more
Central European currencies, together with the koruna, are prone to fall from their multi-month highs within the second half of the 12 months. Nonetheless, the weakening is not going to be vital, in response to a latest examine by the group Reuters. The analysts’ median estimate is that the Czech crown will weaken towards the … Read more
You can even hearken to the article in an audio model. The principles for mortgages set by the Czech Nationwide Financial institution (ČNB) won’t change after Thursday’s assembly of the seven-member banking board. Due to this fact, the Central Financial institution nonetheless imposes on banks that the dimensions of the mortgage won’t exceed 80 % … Read more
Interest rates on deposits are going down. Domestic banks and credit unions are pushing for this by the decreasing rates of the Czech National Bank, where the most basic – the two-week repo rate – is currently 5.75 percent. Compared to last year, the drop in tariff rates is not so noticeable at first glance. … Read more
Michl stated that cost and demand inflationary pressures are fading in the Czech economy. Demand remains subdued thanks to strict monetary policy, and the risk of a wage-inflationary spiral did not materialize. According to the CNB’s new forecast, market interest rates should fall rapidly this year. But Michl said that in the first and second … Read more
This year, the Czech National Bank will continue the easing of monetary policy, which it started in December with the first reduction in interest rates since May 2020, CNB Deputy Governor Eva Zamrazilová said on Sunday. The rate of reduction will depend on how quickly inflation, which interest rates are meant to tame, will subside. … Read more
Michl pointed out that despite the current reduction, interest rates in the coming quarters will be higher than the CNB’s macroeconomic forecast would have predicted. He emphasized that the Bank Board is ready to respond adequately to the eventual fulfillment of the risks of the forecast. They assess these risks as pro-inflationary, in particular the … Read more
Next month, the Czech National Bank will end interest on deposits that banks must deposit with it as mandatory minimum reserves. This is definitely not a small amount, on average, banks held over 100 billion crowns with the CNB this year, and it will hurt the banks a lot. With this decision, the Central Bank … Read more