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The central bank in the Czech Republic will be increasing their main interest rats in the meeting at July 26 up to 25 bps then 3% it was not likely to the rise in the interest rates as further this year because of the strong crown as told by the analyst Raiffeisenbank, Ales Michl.
According to Michl, “We think that the crown will be beginning to appreciate in the end of summer, this will be an offset to the rising interest rates for the next 3 to 5 months.
The consumers will be expecting another increase rates this year in offset to the pressure of inflation that resulted to the buoyant expenses and the weak crown as told by Michl and another rise is not expected to Q1, next year.
20:11
Posted on Jul-16-2007
