Czech central bank: alternative scenario would keep interest rates stable for 3 quarters

Kitco Media
By Reuters
Published:
Updated:
Reuters
PRAGUE, Feb 3 (Reuters) - A stable interest rate scenario discussed by the Czech central bank's board on Thursday, as an alternative to baseline outlook seeing a hike, would keep interest rates stable for three quarters, the bank said in a presentation on Friday. Subsequently, the rate path is higher than the baseline outlook, the bank said. The bank's board decided to keep the main rate steady at 7.0% on Thursday, saying the alternative scenario would bring inflation to target in the first half of 2024, same as the baseline outlook.
(Reporting by Jan Lopatka)

Messaging: jan.lopatka.thomsonreuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.