According to the Swiss Life Hypoindex, the average mortgage offer rate in the Czech Republic is 5.34 percent. They are better off in other countries. In Austria, according to its national bank, the average housing loan rate is 3.85 percent, in Germany, according to the comparison tool Hypofriend.de, it is still about half a percentage … 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
Fondee made errors within the second half of 2021 and in 2022. The choice printed by the CNB on its web site is last. Fondee needs to defend himself towards it on the EU Court docket of Justice. In accordance with the CNB’s determination, the funding platform didn’t be certain that its system of funding … Read more
The CNB purchased virtually six tonnes of gold within the 2nd quarter. On the finish of the half 12 months, there have been 1.334 million troy ounces in reserves, which is equal to 41.5 tons. The present worth of the gold in shops is 3.1 billion {dollars}, ie 71.4 billion crowns. “The anticipated revenue and … 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
“Present info means that the property market is more likely to have already slowed down. That was in the midst of 2023,” mentioned Karina Kubelková, a member of the banking board of CNB. The central financial institution is monitoring the property marketplace for doable results on business finance homes. He compiles his forecasts for 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