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ČNB predicts market interest rates stability until 2016

A prediction published by the Czech National Bank (ČNB) predicts a stability of market interest rates in the current level until the end of 2016. A short-term prediction of the exchange rate of the Czech currency to the euro for Q1 2015 reflects its depreciation in January. The central bank predicts its stability on the level of the year 2014 in following quarters. The prediction copes with the use of the exchange rate as a monetary policy tool until the end of 2016. Domestic inflation pressures thanks to the economic recovery and a growth in wages will likely be recovered until then.


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