Is the Czech government capping electricity and natural gas prices?
PRAGUE (Reuters) -The Czech government approved on Wednesday a measure capping electricity and natural gas prices for large firms at the same level as prices for households and small firms that are already in place, Industry Minister Jozef Sikela said.
When will the Czech National Bank cut interest rates?
PRAGUE (Reuters) - The Czech National Bank (CNB) is likely to hold interest rates steady at its final policy meeting of 2022 on Dec. 21 and will not begin cutting rates until the second half of 2023, a Reuters poll showed on Friday.
Is Czech inflation starting to ease?
As signs emerged inflation is starting to ease after hitting the highest in three decades, most analysts in the poll expected the Czech central bank to keep its two-week repo rate unchanged at 7.00% throughout the first half of 2023.
Why does the Czech Republic need a price ceiling?
The Czech economy is highly dependent on manufacturing and exports, which primarily go to neighbouring Germany and other European Union states. Companies have called for a price ceiling to avoid being at a disadvantage to foreign competitors enjoying aid such as government programmes in Germany.