Czech Inflation Eases as Central Bank Mulls Rate Cut Timing
- November headline inflation was 7.3%, slightly above forecast
- Central bank sees price growth slowing sharply in January
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Czech inflation eased in November but remained well above the target as policymakers consider whether to start cutting borrowing costs later this month or hold off until next year.
Consumer prices rose 7.3% from a year earlier, compared with 8.5% in the previous month, the statistics office said on Monday. The reading was slightly above estimates, but the central bank said the trend confirmed expectations of its forecast envisaging a sharp January slowdown to near the upper end of its 1%-3% tolerance range.