The Czech National Bank raises interest rates for the fourth time in a row

No other central bank in Europe is currently turning the rate faster than the central bank in Prague. By way of comparison: the European Central BankAt the same time, the president of the National Bank, Jiri Rusnok, said that the key rate should remain unchanged for the rest of the year. However, in the coming year, further interest rate hikes are expected in the Czech Republic. The market badumes that the key rate in the first half of 2019 could still increase by 0.5 percentage point, he said in a comment from Commerzbank.

"Today 's rate hike should in principle be sufficient by the end of the year if the trend is the one predicted," said the chairman of the Federal Reserve, 58 years old. The National Bank forecasts economic growth of 3.1% for this year and 3.3% for the coming year, 0.1 percentage point lower than forecast in August.

The Czech economy is doing well and full employment prevails in the capital, Prague. "Economic development is slowing down, but inflationary pressures are on the rise," KB Bank's Viktor Zeisel told broadcaster CT24.

No other central bank in Europe is currently turning the rate faster than the central bank in Prague. For comparison, the European Central Bank (ECB) announced that it would keep interest rates at a record low of at least zero percent for the summer of 2019 at least.