www.bloomberg.com
Czech inflation decelerated more than anticipated in November, offering some relief. However, a persistent surge in service prices remains a key concern. This sticky inflation in the service sector is likely to bolster the Czech central bank’s already cautious approach to monetary policy. Despite the overall slowdown, the bank is expected to maintain its conservative stance due to these elevated service costs. This suggests that any easing of monetary policy may be delayed as the central bank closely monitors the inflationary pressures.
