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Analysts: Inflation will increase to 1.8 % at end of year

Inflation in the Czech Republic will at the end of 2016 increase to 1.6 %. This was stated in reaction to data provided by the Czech Statistical Office (CSÚ) by Raiffeisenbank chief analyst Michal Brožka. Komercní Banka analyst Viktor Zeisel expects that CNB will react to growing inflation at the end of the year by abolishing the intervention regime in Q1 2017. Patrik Rožumberský, an economist with UniCredit Bank Czech Republic and Slovakia, added that inflation will conquer the 1% mark at the end of 2016. According to a comment by CNB, y/y inflation will reach the 2-percent inflationary target in the first half of 2017.