CBA Monitor

CBA Monitor is an interactive and quick overview of information on the development of the economy and the banking sector in the Czech Republic, accompanied by comments from CBA experts.

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Last CBA forecast

The CBA forecast is produced each quarter as a consensus forecast of selected domestic banks. A basic summary of the current CBA forecast in several figures and comments is outlined below, detailed information can be found in the „CBA Forecast“ section.
GDP
0 % yoy
year 2024
Domestic economy to grow only slightly by 0.9% this year, 2.7% next year
Unemployment
0 %
average in 2024
The labour market remains in good shape, although slight signs of cooling can already be seen. However, the share of unemployed persons will increase only slightly this year.
Average wages
0 %
average in 2024
Average wages are expected to rise by 6.8% this year and real wages will increase again after two years by 4.5%
Inflation
0 %
average in 2024
Average inflation is expected to reach 2.3% this year and 2.2% next year. Risks remain in food and services prices
CNB 2-week repo rate
0 %
end of 2024
The forecast expects the CNB to continue cutting rates, which should be below the 4% level at the end of this year and near the 3.5% level at the end of 2025.
The Crown
0 CZK/€
end of 2024
The koruna will average above CZK 25 per euro this year, and should be slightly below it at the end of the year and at 24.5 CZK per euro at the end of next year
Foto Jakuba Seidlera

Jakub Seidler
Chief Economist CBA

He studied economics at the Institute of Economic Studies of Charles University in Prague, where he also obtained his PhD. During his time at the central bank, he attended a number of courses on econometrics, financial stability and monetary policy at international institutions such as the International Monetary Fund, the ECB and the Bank of England.

He started his career in 2008 at the Czech National Bank, where he worked for six years in various professional positions in the Financial Stability, Research and Monetary Departments. Later, as Head of the Macroprudential Policy Department, he was mainly responsible for conducting banking sector stress tests and financial stability analysis. Since 2018, he has also held the position of Deputy Chairman of the Budget Forecast Committee assessing the objectivity of the Ministry of Finance's forecasts. From 2014 to 2021, he served as ING Bank's Chief Economist for the Czech Republic.