Czech central bank vice-governor Nidetzky says rate hikes may come after mid-year
Interview of the
By Robert Müller (Reuters 15. 3. 2021)
Czech National Bank is in no rush to tighten policy but may start raising interest rates in the second half of the year, when more information about the domestic economy and the COVID-19 pandemic will be available, Vice-Governor Tomas Nidetzky said on Monday.
The Czech central bank may become the first in the EU to tighten monetary policy as the domestic economy has shown resilience, mainly driven by the export-focused manufacturing industry and parts of the services sector not closed by the government's anti-epidemic restrictions.