M Mora for Reuters – Stronger Czech rate hike still needed in inflation fight cnb.cz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnb.cz Daily Mail and Mail on Sunday newspapers.
Czech central banker Mora: next move likely to be up, perhaps after May
Interview of the Deputy Governor Marek Mora
By Robert Müller (Reuters 22. 1. 2021)
The Czech central bank s next policy move is likely to be a rate hike even if inflation dips below target, but the bank needs more clarity about the impact of COVID-19 which may come with economic forecasts in May, a senior central banker told Reuters.
The central bank has held its key two-week repo rate at 0.25% since last May, after cutting it by 200 basis points last spring in the early days of the coronavirus pandemic.