The data from the November survey suggest that the one-year inflation forecast rose considerably, while the three-year forecast was corrected down to levels estimated during summer. The estimate for GDP growth remains unchanged for this year, but the economic outlook for next year is less optimistic than in the previous round of the survey. Most of the analysts expect the 2W repo rate to remain unchanged until the end of this year but decline more slowly at the one-year horizon. (pdf, 900 kB)
Thematic article by Lukáš Pfeifer and Libor Holub studies the impacts of the minimum requirement for own funds and eligible liabilities (MREL) on the effectiveness of macroprudential capital regulation of the banking sector.
The CNB comments on the GDP figures for 2022 Q3
The Czech National Bank and Czech Economic Society organized a seminar on Effective Monetary Policy Communication: The Role of the Message, Medium, and Messenger with Professor Michael Weber (University of Chicago) on Friday, 25 November 2022. The seminar was chaired by CNB Deputy Governor Marek Mora.
The CNB has issued a Provision of a general nature on setting the countercyclical capital buffer rate for the Czech Republic, leaving the countercyclical capital buffer rate unchanged at 2.5%.
CNB press conference on the outcome of the autumn meeting on financial stability issues, presentation, audio, video