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War may be raging on their doorstep but Central Europe’s economies are outpacing their euro zone peers as consumer spending booms. A reversal could come as soon as this summer, however, leaving a painful, inflation-laced hangover. Economists are already sounding the alarm about inflation momentum in Hungary and Poland, fuelled partly in both countries by ...

PRAGUE (Reuters) - The Czech National Bank is set to raise its main rate by 50 basis points to 5.00% on March 31, a Reuters poll showed on Tuesday, wh...

Czech central banker Mora: next move likely to be up, perhaps after May Interview of the Deputy Governor Marek Mora By Robert Müller (Reuters 22. 1. 2021) The Czech central bank's next policy move is likely to be a rate hike even if inflation dips below target, but the bank needs more clarity about the impact of COVID-19 which may come with economic forecasts in May, a senior central banker told Reuters.  The central bank has held its key two-week repo rate at 0.25% since last May, after cutting it by 200 basis points last spring in the early days of the coronavirus pandemic.

Another CNB representative joins the management of a European supervisory authority Share The Board of Supervisors of the European Securities and Markets Authority (ESMA) on 16 December 2020 appointed the Executive Director of the CNB’s Financial Regulation and International Cooperation Department Vojtěch Belling as one of two new members of the seven-strong ESMA Management Board. He is the first member of this authority from Central and Eastern Europe. Vojtěch Belling will start his 2½ year term on 1 January 2021. He was appointed just three weeks after the Executive Director of the CN...