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ČNB expected to raise interest rates this week

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Many analysts expect the Czech National Bank to raise the interest rate this week at its next meeting on Thursday. The expected interest rate rise is seen as a response to the weak Czech crown, consistent economic growth at around 3.4% and the low unemployment levels in the country. The CNB is expected to announce a rate hike of 25 basis points, taking the effective rate to 1.75%.

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