After discussing the Spring 2025 Monetary Policy Report, the Bank Board lowered the two-week repo rate by 0.25 pp. Consistent with the forecast is a decline in interest rates in 2025 Q2. Inflation will be in the upper half of the tolerance band around the 2% target this year and very close to it over the monetary policy horizon, i.e. in 2026 Q2 and Q3. The growth of the Czech economy will accelerate this year and remain around 2% next year
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