ČNB: Inflation will be slightly below 2% target

10. 5. 2018

Inflation will be in 2018 slightly below Czech central bank’s inflation target of 2%. It will return very close to the 2% target at the monetary policy horizon, i.e. in the second and third quarters of next year.

(ČIA) Inflation will be in 2018 slightly below Czech central bank’s inflation target of 2%. It will return very close to the 2% target at the monetary policy horizon, i.e. in the second and third quarters of next year. The Czech national Bank (ČNB) informed in the Inflation Report / II that the reduction of the growth in consumer prices slightly below the target reflected the abatement of single factors from 2017 and a decrease in import prices. Domestic inflation pressures remain strong showing a significant wage dynamics in conditions of a rapid growth in the domestic economy.