Czech central bank officials recommend maintaining borrowing costs to cope with inflation risks

According to Jinshi data, Czech central bank vice president Jan Frait said on the eve of the policy meeting that Czech policymakers should not stimulate the economy by further rate cuts, given the ongoing inflation risks. Frait pointed out that overall inflation remains at a controllable level due to the decline in energy prices, but this decline will not last forever, so high caution is needed. Services industry inflation reflects the rapid growth of revenue in the industry, while productivity growth is relatively lagging.