🏦 Last week, the Czech National Bank (ČNB) made a decision to reduce its base interest rate by half a percentage point, to 5.75 percent ... Show more www.expats.cz/czech-news/article/czech-mortgage-rates-continue-decline-will-home-ownership-become-cheaper
📉 Year-on-year inflation in the Czech Republic slowed to 2 percent in February.
🔌 However, although food prices generally declined ... Show more www.expats.cz/czech-news/article/inflation-dips-to-lowest-level-since-2018-what-s-cheaper-in-czechia
Quick Glance: Inflation Decline and Consumer Impact
- Inflation in Germany continues to decline, primarily due to cheaper energy prices. Experts predict a further decrease in the year ahead, but with potential challenges. Higher inflation rates diminish consumer purchasing power.
- In February, energy and fuels decreased in price, while food prices increased. Services also became more expensive. Consumer prices rose by 0.4 percent compared to the previous month.
- The German government forecasts rising consumer prices and wage increases above the inflation rate. The expectation is that employees will spend the money and boost private consumption. However, the Bundesbank President warns against premature interest rate cuts.
- Despite the decline in inflation, the Bundesbank cautions against premature interest rate cuts. The European Central Bank aims for price stability in the medium term. Higher interest rates can curb demand but also burden the economy.
Several banks in Czechia have decided to slightly drop their interest rates in response to the Czech central bank's decision to cut the base mortgage rate ... Show more expats.cz/r/crypa
🏦 The Thursday decision of the Czech National Bank (CNB) to cut the country’s base interest rate by half a percentage point, to 6.25 percent ... Show more expats.cz/r/rvjqb
Women make up more than 32 percent of corporate boards across the EU, but just 21 percent in the Czech Republic.
A new bill proposed by the Czech government ... Show more expats.cz/r/qjmxa
Spain confirms recognition of Kosovo passports, not independence: Spain has confirmed that it now recognises Kosovo passports, allowing its citizens visa-free ...
euractiv.com/section/politics/news/spain-confirms-recognition-of-kosovo-passports-not-independence/
Czech National Bank warns of Eurozone’s uncertain future: Czech politicians debating whether to adopt the euro should take into account the rather “unflattering” ...
euractiv.com/section/politics/news/czech-national-bank-warns-of-eurozones-uncertain-future/
With interest rates expected to dip and inflation slowing down, the Czech real estate market is expected to rebound next year ... Show more www.expats.cz/r/lbxfm
Chequepoint, operating in central Prague locations found itself in repeated legal entanglements with the CNB through the years. expats.cz/r/zcgjl
European markets higher amid raft of interest rate decisions: The focus now turns to the Bank of England’s interest rate decision after the US Federal Reserve ...
euronews.com/2023/11/02/european-markets-higher-amid-raft-of-interest-rate-decisions
Quick Glance: Bank of England Keeps Rates Stable Amid Signs of Weakening Economy
- Higher interest rates are working and inflation is falling, said the bank's governor, Andrew Bailey.
- The economy is expected to flatline for most of the next two years.
- Three committee members voted to raise rates another quarter-point to ward against the risks of more deeply embedded inflation persistence.
- Inflation is forecasted to drop to 4.9 percent in October due to a decline in the price cap for household energy bills.
Le Pen says Dutch should decide their EU future as ‘Brits did’: In today’s edition of the Capitals, find out more about the Czech conservatives rejecting euro ...
euractiv.com/section/politics/news/le-pen-says-dutch-should-decide-their-eu-future-as-brits-did/
Major banks have launched a new "payment to contact" project to streamline the process of allowing money transfers using only phone numbers. expats.cz/r/yesav
An event tonight in Prague will reunite Jean Claude Van Damme with Jaromir Jagr; both appeared in this 1995 film. Can you name it? expats.cz/r/fnofw Clip via Instagram / ... Show more
Is the Czech Economy Running Out of Steam?: Long stereotyped as a giant assembly plant for foreign manufacturers, Czechia is aware of the need to upscale its ...
balkaninsight.com/2023/10/26/is-the-czech-economy-running-out-of-steam/
Is the Czech Economy Running Out of Steam?: Long stereotyped as a giant assembly plant for foreign manufacturers, Czechia is aware of the need to upscale its ...
balkaninsight.com/2023/10/26/is-the-czech-economy-running-out-of-steam/
Czech Central Bank Chief Signals Rate Cut Possible This Year: Czech central bankers might consider lowering interest rates by the end of this year ...
bloomberg.com/news/articles/2023-10-17/czech-central-bank-head-signals-cut-or-hold-options-open-in-2023
Czech Central Bank Head Says Don’t Expect Rate Cut Any Time Soon: Czech central bankers must avoid easing monetary conditions any time soon because inflation ...
bloomberg.com/news/articles/2023-09-17/czech-central-bank-head-says-don-t-expect-rate-cut-any-time-soon
Czech banks hit as central bank ends paying interest on reserves: Komercni Banka, the Czech Republic's third-biggest bank, said on Friday it expected to see a ...
reuters.com/business/finance/komercni-banka-expects-hit-end-remuneration-minimum-reserves-2023-09-08/
The Czech National Bank (ČNB) will introduce a new service that allows people to transfer money using only mobile phones. expats.cz/r/mdzwt
Czechia is the second-least affordable country and Prague is the third most expensive city in Europe for purchasing a property ... Show more www.expats.cz/r/tpqkb
A Big Mac in the Czech Republic costs 13 percent less than one in the states, and 17 percent less than one in the eurozone ... Show more www.expats.cz/r/pionn
Democracy Digest: Protest Farmer Joins Polish Opposition for Election: Elsewhere, Orban’s Fidesz party faces ‘life after Soros’; Czechia finally sanctions and ...
balkaninsight.com/2023/08/18/democracy-digest-protest-farmer-joins-polish-opposition-for-election/
Several Czech banks have significantly raised interest rates on euro deposits in recent days in a bid to capitalize on the euro’s recent strength against the ... Show more expats.cz/r/ufoig
Despite the crown enjoying a strong 2023 so far and holidaymakers from Czechia reaping the benefits of the high-performing currency ... Show more www.expats.cz/r/gwlxn
While the Czech Republic's inflation rate is slowing down, it remains among the highest in the EU.
Only Hungary, Poland ... Show more www.expats.cz/r/zacgx
Prague’s Housing Crisis Surfs Brownfield Wave: The imbalance of housing supply and demand is so acute that even dozens of large brownfield projects being ...
balkaninsight.com/2023/08/03/pragues-housing-crisis-surfs-brownfield-wave/
New legislation, set to take effect on Jan. 1, 2024, gives non-EU children with long-term residence permits and their families access to proper public health ... Show more www.expats.cz/r/qveuk
Good morning! Here are our top news stories to start the day:
❇️ Pilgrimage to Sněžka honors the patron saint of chefs
❇️ Czech president goes on holiday
❇️ ... Show more www.expats.cz/r/ipxnu
Prague’s Housing Crisis Surfs Brownfield Wave: The imbalance of housing supply and demand is so acute that even dozens of large brownfield projects being ...
balkaninsight.com/2023/08/03/pragues-housing-crisis-surfs-brownfield-wave/
Czechia may adopt the euro in the next seven years, according to Minister of Labor Marian Jurečka. Read more details in our article: www.expats.cz/r/prfbb
Art Nouveau painter and poster maker Alfons Mucha was born 163 years ago on July 24, 1860, in Moravia, but he spent much of his career in Prague ... Show more www.expats.cz/r/jleis
For Budapest, Prague and Sofia, Brownfield Sites Are No Cure for Housing Blues: Cities across Central and Southeast Europe are struggling to build enough ...
balkaninsight.com/2023/07/17/for-budapest-prague-and-sofia-brownfield-sites-are-no-cure-for-housing-blues/
The Czech Senate has approved the Czech-American defense cooperation agreement with a majority vote of 66 out of 72 senators present ... Show more www.expats.cz/r/zukvu
The Banking Council of the Czech National Bank (CNB) has this afternoon kept the base interest rate at 7 percent, as had been widely expected by analysts ... Show more www.expats.cz/r/pfhcr
President Petr Pavel and other speakers will celebrate Czechia's 30th anniversary today at Prague Castle.
Plus: Funeral for murdered Romani man to be held ... Show more www.expats.cz/r/vyqcz
A change to mortgage applications in Czechia means that they should now become accessible to tens of thousands more people nationwide ... Show more www.expats.cz/r/xcxcj
Czech central banker Holub: raising rates more would still makes sense: Raising the Czech National Bank's interest rates further would still make sense as it ...
reuters.com/markets/europe/czech-central-banker-holub-raising-rates-more-would-still-makes-sense-2023-05-28/
Major Czech bank Česká spořitelna (ČS) has finally acquired the clients of Sberbank CZ – a division of the Russian-owned bank – after the Czech National Bank ... Show more tinyurl.com/53ex2hes
No cause for panic, yet – Czech banks safe from European banking troubles: Strong liquidity and capitalization, combined with support from the Czech National ...
expats.cz/czech-news/article/no-cause-for-panic-yet-czech-banks-safe-from-european-banking-troubles
Czech interest rates should stay higher for longer, Kubelkova says: Keeping the Czech National Bank's interest rates higher for a longer period would work better ...
reuters.com/markets/rates-bonds/czech-interest-rates-should-stay-higher-longer-kubelkova-says-2023-01-22/
Thousands queue for commemorative banknote in Czech Republic: Thousands of people queued up in Prague, Brno and Pilsen on Wednesday to receive one of around 200 ...
saechsische.de/tschechien/tausende-menschen-stehen-in-tschechien-fuer-gedenkbanknote-schlange-5819005.html
Czech president: will appoint new members of central bank board on Dec. 14: Czech President Milos Zeman will appoint new members to the Czech National Bank board ...
reuters.com/business/finance/czech-president-will-appoint-new-members-central-bank-board-dec-14-2022-12-11/
Cost of living in Czechia continues to soar – here's where you'll pay more
expats.cz/czech-news/article/up-and-up-cost-of-living-continues-to-soar-in-czechia
Big Czech crown interventions less likely, central banker says: The Czech National Bank is unlikely to have to intervene in currency markets as much as it has in ...
reuters.com/markets/currencies/big-czech-crown-interventions-less-likely-central-banker-says-2022-11-13/
Are central banks going bankrupt?: No, but there are some interesting issues surrounding their QE P&L
ft.com/content/ddc5d867-59fe-4c9b-a588-4066304318b6
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