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
The domestic economy will grow only slightly by 1.4% this year, by 2.7% next year
Unemployment
0 %
average in 2024
The labor market remains in good shape, although slight signs of cooling can already be seen. However, the share of unemployed people will rise only slightly this year and fall again next year.
Average wages
0 %
average in 2024
Average wages should increase by 6% this year, after two years real wages will increase again, by almost 4%
Inflation
0 %
average in 2024
Average inflation should reach 2.3% this year and next year, risks remain in the development of food prices and service prices
CNB 2-week repo rate
0 %
end of 2024
The forecast expects the CNB to continue cutting rates, which should be around 4% at the end of this year and close to 3.5% at the end of 2025.
The Crown
0 CZK/€
end year 2024
On average, the koruna will be above CZK 25 per euro this year, at the end of the year it should be slightly below this level
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.