Preview: Czech Q1 Final GDP data expected at 03:00 ET (07:00 GMT)
**Consensus expectations: - Q/Q: 0.2%e v 0.2% prelim - Y/Y: 2.2%e v 2.2% prelim Recent comments: - On Jun 18th Czech Central Bank (CNB) raised the 2-Week Repurchase Rate by 25bps to 3.75% (as expected) to move into tightening with its 1st rate hike since Jun 2022 - On Jun 18th Czech Central bank (CNB) Gov Michl noted that the Jun rate hike to help tame core inflation, which remained elevated. Next steps will be evaluated thoroughly. Baseline was that would evaluate restrictiveness at next meeting; Leaving all options open. **Insight: Czech Central Bank moved into tightening in Jun 2026 with its 1st rate hike since Jun 2022 - Previously the CNB had cut the 2-Week Repurchase Rate ten times in the prior easing cycle by a total of 350bps. The last cut was in May 2025
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**Consensus expectations: - Q/Q: 0.2%e v 0.2% prelim - Y/Y: 2.2%e v 2.2% prelim Recent comments: - On Jun 18th Czech Central Bank (CNB) raised the 2-Week Repurchase Rate by 25bps to 3.75% (as expected) to move into tightening with its 1st rate hike since Jun 2022 - On Jun 18th Czech Central bank (CNB) Gov Michl noted that the Jun rate hike to help tame core inflation, which remained elevated.
Next steps will be evaluated thoroughly.
Baseline was that would evaluate restrictiveness at next meeting; Leaving all options open. **Insight: Czech Central Bank moved into tightening in Jun 2026 with its 1st rate hike since Jun 2022 - Previously the CNB had cut the 2-Week Repurchase Rate ten times in the prior easing cycle by a total of 350bps.
The last cut was in May 2025