Czechs Hold Rates as Election Outcome Adds to Inflation Concerns

Czech policymakers kept interest rates unchanged for a fourth straight meeting as uncertainty over the next government’s budget plans compounds inflation worries.

The central bank left the benchmark rate at 3.5% on Thursday, as expected by all analysts surveyed by Bloomberg. Policymakers are sticking to a more cautious approach after they slashed official borrowing costs by half during an easing cycle that started in late 2023.