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The Rushin: An Index of Czech Economic Activity We introduce a preliminary version of the Rushin, a weekly index of Czech economic activity. The index captures the common dynamics of four alternative high-frequency indicators and six standard macroeconomic monthly indicators of activity. It allows us to assess the current pace of economic growth and turning points in the business cycle in a timely way. In addition, it is valuable for nowcasting the current GDP growth rate. It is particularly useful in turbulent times, such as during lockdowns imposed due to the Covid-19 pandemic. It is curren...

Czech rate setter Michl says bets on summer hike may be premature Interview of Krystof Chamonikolas and Peter Laca (Bloomberg 16. 3. 2021) The Czech economy has been “surprisingly resilient” against one of the world’s worst coronavirus outbreaks, but market expectations of an interest-rate increase this summer may be premature, a central banker said. With most shops and services closed since late December under a virus lockdown, private savings have surged and are likely to help fuel a robust recovery once restrictions are lifted, Ales Michl said in an interview. While investors are be...