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(P/14) New #Czech corporate bank loans in crowns (not including refinancing) fell y/y by 45% in the first half of this year, to Kč 130bn, according to analyst Kalivodová of Raiffeisenbank. New euro-denominated loans for the period fell by 20%, to Kč 127bn. The average interest rate for euro loans is 4.8%, compared to about 9% for crown loans.
(HN/15) Financial-markets strategist Miroslav Plojhar of Česká spořitelna said the advantages of euro loans are fading. (HN/14) Chief Economist Petr Sklenář of J&T Banka said that if macroeconomic imbalances - and not higher energy and other costs - are the main source of inflation, interest rates will remain high for much longer than the current cost development indicates.