Economic policy

This section reports on economic policy initiatives of the Czech government, the EU, and other entities that have a direct impact on the competitiveness of the country. It also includes information on economic priorities of the AmCham and other leading associations.

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Spotlight issue

13th May 2020 / Economic policy / Macroeconomic Indicators, Economic Growth

Very high bar for renewal of FX floor

The Czech koruna weakened materially yesterday after CNB comments that it’s contemplated FX floor as one possible easing measure, should it be necessary. Here we answer some of the key questions surrounding such a move. The bottom line is that we see CZK reaction/fall as exaggerated, as the bar for FX floor renewal is very high

13th May 2020 / Economic policy / Macroeconomic Indicators, Economic Growth

Inflation continues subsiding mainly due to oil prices

In April, inflation decelerated further. Once again, the prices of fuel were lower, in particular. Prices of food were up. The decline of inflation will probably continue.

13th May 2020 / Economic policy / Transport, Infrastructure and Tourism

AmCham Rescue and Recovery of International Tourism Proposal

Tourism has been decimated by the spread of the coronavirus and then stopped by the government restrictions needed to contain the virus. If the international tourism infrastructure in Prague is too damaged by bankruptcies, the ability of the city and country to recover after the virus is suppressed could extend for years instead of months. That is why we propose special measures aimed at supporting the country’s essential international tourism infrastructure.