Czech National Bank Says Policy Stays Restrictive as April Inflation Picks Up
The Czech National Bank (CNB) said monetary policy remains restrictive after April 2026 consumer prices accelerated to 2.5% year on year, driven primarily by a sharp jump in fuel costs linked to the Iran war. Policymakers left the policy rate at 3.5% while flagging risks from global cost pressures and potential spillovers into other price categorie…