Jan Frait: 2023 Rate Cut Possible But Not Certain

Central bankers will discuss strategy for future rate cuts in depth next week. They will almost certainly keep the benchmark at its two-decade high of 7%, said Deputy Governor of the Czech National Bank Jan Frait in an interview with Bloomberg. „I can imagine that in November or December we might be in a situation where we have a high degree of faith in the forecast and the disinflationary trends, and then it can’t be ruled out that the Bank Board might still agree to lower rates this year. But I’m unable to predict how likely that is,” added Jan Frait.