Record-low Czech unemploymentStaff Writer | October 9, 2017
The Czech unemployment rate fell to 3.8 percent in September to match an all-time low and inflation was the fastest in five years, cementing expectations interest rates will rise once more this year.
Europe 3.8 percent in September
"A November hike... is a done deal," Raiffeisenbank chief economist Helena Horska said.
"The question remains how many times the CNB will raise rates next year. We expect it to move twice, to 1 percent."
Czech unemployment is the lowest in the European Union under Eurostat methodology. Labour Ministry data on Monday showed joblessness matched a record low hit in the middle of 2008 before the global financial crisis struck.
Job vacancies climbed to above 200,000 and are 46 percent higher than a year ago. ■