Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Politics › Czech Billionaire Premier Feuds With Central Bank Over Rate Hike
Politics

Czech Billionaire Premier Feuds With Central Bank Over Rate Hike

Czech Billionaire Premier Feuds With Central Bank Over Rate Hike
Bloomberg Markets Friday 19 June 2026, 10:36 UTC By Michal Kubala, Peter Laca 1 min read
Key Points

Czech Billionaire Premier Feuds With Central Bank Over Rate Hike The Czech prime minister heightened his public criticism of the central bank’s tight monetary policy, saying its latest move to raise interest rates will hurt the economy. Premier Andrej Babis said there was no reason to increase borrowing costs when Czech inflation is the second lowest in the European Union.

Czech Billionaire Premier Feuds With Central Bank Over Rate Hike The Czech prime minister heightened his public criticism of the central bank’s tight monetary policy, saying its latest move to raise interest rates will hurt the economy. Premier Andrej Babis said there was no reason to increase borrowing costs when Czech inflation is the second lowest in the European Union. He also went further, arguing that monetary policy can’t influence price growth. He spoke one day after the Czech National Bank lifted borrowing costs for the first time in four years to suppress domestic price pressures.
Czech (ORG) Andrej Babis (PERSON) the European Union (ORG) the Czech National Bank (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Two men jailed over Starmer-linked arson attacks

Roman Lavrynovych 22, was jailed for seven years and Stanislav Carpiuc, 27, for two.

BBC Politics 4m ago

Midwives on frontline of childbirth deaths crisis denied visas for key summit

Outcry as experts from African and Asian countries – where mortality is highest – prevented from attending Portugal conference on preventionVisa rejections have threatened progress on mother and baby health after experts from struggling countries were barred from talks, global midwife leaders have said. Politicians, donors and UN agencies convened this week at the International Confederation of Midwives (ICM) congress in Lisbon, Portugal, a key conference to discuss the millions of avoidable...

The Guardian Health 10m ago

Midwives on frontline of childbirth deaths crisis denied visas for key summit

Outcry as experts from African and Asian countries – where mortality is highest – prevented from attending Portugal conference on preventionVisa rejections have threatened progress on mother and baby health after experts from struggling countries were barred from talks, global midwife leaders have said. Politicians, donors and UN agencies convened this week at the International Confederation of Midwives (ICM) congress in Lisbon, Portugal, a key conference to discuss the millions of avoidable...

The Guardian UK 10m ago

Two men jailed for arson attacks on property linked to Keir Starmer

Roman Lavrynovych and Stanislav Carpiuc imprisoned for seven years and two years respectivelyRoman Lavrynovych and Stanislav Carpiuc have been jailed at the Old Bailey for seven years and two years respectively for arson attacks on property connected to Keir Starmer. Lavrynovych, 22, from Ukraine, and Carpiuc, 27, from Romania were found guilty on Monday of conspiring to commit arson on a car and two properties linked to the prime minister.

The Guardian UK 14m ago