Inflation will rise temporarily to 3% at the turn of the year, then gradually decrease to the CNB’s 2% target

We have published the introductory section of the Monetary Policy Report entitled “The decision, the outlook and associated risks” (together with the appendix and the table of key macroeconomic indicators) a week in advance of the whole Report. The author of this section is Deputy Executive Director of the Monetary Department Jakub Matějů. The whole Report will be published on 15 November 2024.