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T. Nidetzký – Czech economic outlook for 2020

Deputy Governor T. Nidetzký delivered a presentation on Price Stability and Financial Stability in Uncertain Times at an event of the French-Czech Chamber of Commerce (pdf, 819 kB)

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We wish you a successful year

 

  

 

2020

Alignment Analyses 2019

The risks associated with potential euro adoption still include an unfinished process of real economic convergence of the Czech Republic towards the euro area, persisting structural dissimilarity of the economy, with its high share of industry in GDP, and decreasing room for fiscal policy to play a macroeconomic stabilising role in the future.

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Bank lending survey

According to bank managers’ perceptions, a section of the market tightened credit standards both for loans for house purchase and consumer credit in Q4 2019. Demand for loans for house purchase increased in part of the market.

Date of publication of the 2013 internal transcripts

Transcripts of the CNB Board’s monetary policy meetings in 2013 will be published on Monday, 27 January 2020 at 9.00 a.m.

CNB international reserves

as of 31 December 2019

Financial Market Inflation Expectations

December 2019 (pdf, 360 kB)

Key rates

1.00%

Discount Rate

2.00%

2W Repo Rate

3.00%

Lombard Rate

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Inflation

3.2%

December 2019

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CNB current forecast

2.5%

Inflation
2020, Q4

2.1%

Inflation
2021, Q1

2.6%

GDP
2019

2.4%

GDP
2020

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