ČBA: Inflation to drop to 8%, ČNB’s basic rate to 6%

(CIANEWS) - The Czech economy will remain in a shallow recession at the beginning of this year. As of the second half of 2023, it should start growing slightly. This year, inflation will be slightly above 10%, and it should be around 8% towards the end of the year. This prediction was made by banks’ economists represented in the panel of the Czech Banking Association (ČBA). The increase in wages in 2023 should be almost 8%. At the end of the year, the forecast sees a decrease in ČNB’s basic rate to 6%. For the years 2022 and 2023, the koruna exchange rate is expected to be around CZK 24.20 per euro.



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