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2025-12-18 22:00:49
[Czech National Bank Unanimously Votes to Hold Rates Steady, Inflation Risks Balanced, Tightening Stance Unlikely to Change] ⑴ The Czech National Bank's board unanimously decided on Thursday to maintain interest rates unchanged by a 6-0 vote. ⑵ The board assessed that the risks to achieving the inflation target are generally balanced. ⑶ The central bank stated that a relatively tight monetary policy needs to be maintained to keep inflation close to the 2% target in the long term. ⑷ Upside inflation risks include: potential acceleration in money supply growth due to household and government lending, potential growth in public sector spending, continued rapid wage growth, and the inertia of high service price inflation. ⑸ Downside inflation risks include: a stronger Czech koruna and weak performance in some Eurozone economies. ⑹ This assessment indicates that the Czech National Bank has chosen to wait and see after weighing internal and external risks, and its policy stance is expected to remain stable in the short term.
