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The Czech central bank held interest rates for a second meeting after some policymakers signaled an end to monetary easing due to concerns over soaring housing prices....
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Czech interest-rate cuts are “almost certainly” over for now as the central bank tackles inflation risks from soaring property prices, consumer spending and an improving economic outlook, a senior policymaker said....
Daniel Křetínský could be hoping to develop or sell off the company's portfolio of about 1,800 sitesThe shadow of the Sphinx looms large over a nondescript urban depot in north London. You could fit two football pitches on to the vast King's Cross site – a rarity in this densely populated part of the capital – yet it makes up just a fraction of a vast freehold estate, the keys to which are about to be handed to the billionaire Daniel Křetínský.Known as the Czech Sphinx, because of his inscrutable demeanour, Křetínský is poised to complete his conquest of Royal Mail, via a £3.6bn takeover of its parent company, International Distribution Services (IDS). Continue reading......
CZECH CENTRAL BANK INFLATION RISKS INCLUDE HIGHER WAGE DEMANDS, POTENTIAL EXCESSIVE PUBLIC SPENDING GROWTH, HIGHER THAN EXPECTED SERVICES INFLATION INERTIA, POSSIBLE ACCELERATION MONEY CREATION MAINLY IN REAL ESTATE ENDING...