Czech Rate Cut Odds Get Fresh Blow With Unexpected Wage Spike

Czech wage growth unexpectedly accelerated in the fourth quarter, dealing a fresh blow to chances that the central bank will be able to cut interest rates this year.

Nominal wages jumped 7.4% in the last three months of 2025, recording a 5.1% real increase, according to figures from the statistics office on Friday. Both readings topped the central bank’s projections for the quarter.