Czech Republic: Selected Issues

Publication Date:

August 17, 2004

Electronic Access:

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Summary:

This Selected Issues paper analyzes current developments and outlook for inflation in the Czech Republic. Inflation in the Czech Republic has fallen substantially since peaking in the double digits in 1998. The crisis-led depreciation of the koruna in mid-1997 pushed year-over-year inflation to more than 13 percent. The paper presents the IMF staff analysis that shows that without interest rate increases, inflation is likely to begin to rise above the midpoint of the Czech National Bank’s target in mid-2005. The paper also analyzes the Czech labor market in a cross-country perspective.

Series:

Country Report No. 2004/265

Subject:

English

Publication Date:

August 17, 2004

ISBN/ISSN:

9781451810202/1934-7685

Stock No:

1CZEEA0062004

Pages:

33

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