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Central Europe breaks with euro area over interest rate hikes

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Central Europe breaks with euro area over interest rate hikes

Thursday 12 October 2021 – Vol.12 Ed.41.2

Commentary: Czechia leads way with interest rate hike surprise

By Miroslav Singer in Prague

The Czech National Bank increased its rate by three ‘notches’, or 0.75%, on 30 September. It had previously communicated that the late September hike would be about two notches. The Czech central bank, with its ingrained history of independence and focus on price stability, may lead the pack, but it has been followed by its peers. Central Europe should brace for more interest rate hikes.

Read the full commentary on the website.

Meeting: Future of the euro area

Wednesday 20 October, 14:00-15:00 BST

The Covid-19 pandemic constituted a major challenge for European economies and has prompted new questions on the future of the euro area. This high-level seminar assesses the macroeconomic landscape following Covid-19, including monetary policies and fiscal responses. The discussion also focuses on how central banks are implementing strategies and using toolkits to stimulate growth and recovery, engaging with citizens and tackling upcoming risks from climate change and digital disruption.

Register to attend here.

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