The Czech central bank raised its main interest rate by a larger-than-expected 75 basis points on Thursday to 5.75%, the highest since 1999, as inflation soared on global price shocks and a tight.
Czech rates heading up but not above 5%, central banker Benda says 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.
Most emerging market stocks and currencies fell on Friday as caution kicked in ahead of a U.S. inflation reading that could prompt the Federal Reserve to tighten policy at a faster pace.