Indicators
Czech Growth Below Forecasts Boosts Case for Bigger Rate Cut
- GDP rose 0.4% y/y in 2Q vs median forecast for 0.6% growth
- Most economist expect a quarter point cut on Thursday
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The Czech economy accelerated less than expected in the second quarter, increasing the odds of another, half percentage point cut in interest rates later this week.
Gross domestic product rose 0.4% compared to the same period last year, according to preliminary data published by the statistics office on Tuesday. Most economists surveyed by Bloomberg expected a 0.6% expansion. The economy grew 0.3% over the last three months.