Central Europe breaks with euro area over interest rate hikes
Thursday 12 October 2021 – Vol.12 Ed.41.2
Commentary: Czechia leads way with interest rate hike surprise
By Miroslav Singer in Prague
The Czech National Bank increased its rate by three ‘notches’, or 0.75%, on 30 September. It had previously communicated that the late September hike would be about two notches. The Czech central bank, with its ingrained history of independence and focus on price stability, may lead the pack, but it has...