Czech mortgage rates near 6%, cutting household borrowing power

Mortgage rates in the Czech Republic are approaching 6%, with some banks already exceeding that level, reducing the maximum mortgage a household with 80,000 CZK net income can obtain by 1.2 million CZK compared to the start of the year. This signals tightening financial conditions for Czech households, likely dampening housing demand and consumer spending. The trend reflects broader monetary policy tightening, though the central bank's stance remains uncertain.