The Czech central bank is walking a tightrope—they've made it clear that maintaining a firm monetary stance is non-negotiable if they want inflation under control. But here's the thing: they're not locking themselves into any specific path for interest rate moves throughout the year. It's a classic "we'll keep our cards close" strategy, leaving room to adjust as economic conditions shift. For market participants watching policy rates globally, this flexible-but-hawkish positioning signals that central banks are still serious about tackling price pressures while remaining data-dependent on how aggressively to act.