Next year, czech economy growth rate should reach 5%, according to Vienna Institute for International Economic Studies (WIIW). Unemployment rate should decline to 6.7% this year and 6.5% next year. Inflation should reach 2.5% and 3.0%, respectively.
During next Thursday’s Czech National Bank board meeting, the vice-governor Miroslav Singer will be absent. He is considered to be supporter of flexible monetary policy so his absence will most probably not influence expected rate stability.
Business Climate Index (Ifo) in February decreased to 107 from 107.9 in January. Both parts of indexes worsened, valuation of current business situation and business expectations for the next six months.