The domestic economy will grow by 2.1% this year, according to the CBA's macroeconomic forecast. The outlook is significantly affected by uncertainty about the onset of trade wars. In the baseline scenario, we expect consumer prices to grow by a similar annual rate of 2.4% this year as last year, with only a slight slowdown to 2.2% in 2026. The CNB's interest rates are likely to continue to fall gradually, with the two-week repo rate reaching 3.25% this year and 3% next year.
Actualities
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Average mortgage rate fell to 4.78 per cent
Economic commentary by Jaromir Šindel, Chief Economist of the CBA
Economic commentary by Jaromir Šindel, Chief Economist of the CBA
Economic commentary by Jaromir Šindel, Chief Economist of the CBA
Commentary by Miroslav Zámečník, Chief Advisor of the Czech Banking Association
Economic commentary by Jaromir Šindel, Chief Economist of the CBA
Economic commentary by Jaromir Šindel, Chief Economist of the CBA
Average mortgage rate fell to 4.8 percent
Economic commentary by Jaromir Šindel, Chief Economist of the CBA
Economic commentary by Jaromír Šindel, Chief Economist of the CBA
Economic commentary by Jaromír Šindel, Chief Economist of the CBA
Commentary by Miroslav Zámečník, Chief Advisor of the Czech Banking Association
Average mortgage rate fell to 4.85 per cent
Commentary by Miroslav Zámečník, Chief Advisor of the Czech Banking Association
The domestic economy would grow by 1% year on year this year, similar to the value expected in the previous forecast. GDP is forecast to accelerate by 2.3% next year. Compared to the previous forecast, the estimate for 2025 has been revised downwards by almost half a percentage point, mainly due to weaker developments abroad.
Average mortgage rate fell to 4.9 per cent
The Czech economy will grow by 1% year-on-year this year, with GDP forecast to accelerate by 2.3% next year. Compared to the previous forecast, the estimate for 2025 has been revised downwards by almost half a percentage point, mainly due to weaker developments abroad.
November 2024: Domestic economic growth will be moderate this year, targets just above 2% next year, but slower than expected in the August forecast
Commentary by Miroslav Zámečník, Chief Advisor of the Czech Banking Association
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Average mortgage rate fell to 4.96 per cent
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Industry above expectations in August due to the impact of the holidays, stagnated during the summer
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Commentary by Miroslav Zámečník, Chief Advisor of the Czech Banking Association
Economic commentary by Jakub Seidler, Chief Economist of the CBA
The average mortgage rate fell to 4.98 percent, the lowest in two years
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Commentary by Miroslav Zámečník, Chief Advisor of the Czech Banking Association
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
The domestic economy will grow more slowly than expected this year. Annual growth will be 0.9%, down half a percentage point from the May forecast. The weaker development is linked to the unfavourable outlook for foreign demand.
Economic commentary by Jakub Seidler, Chief Economist of the CBA
The domestic economy will grow more slowly than expected this year. Annual growth will be 0.9%, down half a percentage point from the May forecast. The weaker development is linked to the unfavourable outlook for foreign demand. In the next episode, we will interview economist Jaromír Šindel.
The average rate increased slightly to 5.07 percent
Economic commentary by Jakub Seidler, Chief Economist of the CBA
August 2024: Growth of the domestic economy will be weaker this year, the optimistic expectations from the previous forecast have not been met
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Average interest rate fell to 5.06%
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
The average mortgage rate fell to 5.07% in May.
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Commentary by Miroslav Zámečník, Chief Advisor of the Czech Banking Association
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
The average mortgage rate fell to 5.10%.
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
May 2024: This year's recovery will be gradual, growth should accelerate next year, inflation will remain at the central bank's 2% target this year and next
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Commentary by Miroslav Zámečník, Chief Advisor of the Czech Banking Association
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Average mortgage rate fell to 5.19%
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Commentary by Miroslav Zámečník, Chief Advisor of the Czech Banking Association
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Average mortgage rate fell to 5.36% in February
Commentary by Miroslav Zámečník, Chief Advisor of the Czech Banking Association
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Sales of older and new homes increased by tens of percent during 2023
February 2024: The domestic economy will recover slowly this year. Growth expected to be only 1.2%, inflation close to central bank's target
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Interview with Jakub Seidler, Chief Economist of the Czech Banking Association
Interest in mortgages almost doubled year-on-year in January.
Commentary by Miroslav Zámečník, Chief Advisor of the Czech Banking Association
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Interview with Jakub Seidler, Chief Economist of the Czech Banking Association
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Interview with Miroslav Zámečník, Chief Advisor of the Czech Banking Association
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Interview with Jakub Seidler, Chief Economist of the Czech Banking Association
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Mortgage market continues to revive, interest rate fell to 5.65% in December
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Commentary by Miroslav Zámečník, Chief Advisor of the Czech Banking Association
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Economic commentary by Jakub Seidler, Chief Economist of the CBA
CBA Hypomonitor: Mortgage market held at October level in November, interest rate fell to 5.67 %