Czech cenbank's Frait: can hold rates if economy develops as expected -Pravo

Kitco Media
By Reuters
Published:
Updated:
Reuters
PRAGUE, Feb 13 (Reuters) - The Czech central bank can hold interest rates at current levels if the economy develops as expected and inflation continues to moderate, although debate on a possible hike remains, Vice-Governor Jan Frait was quoted as saying on Monday. Frait, in an interview with newspaper Pravo published on the bank's website, also said inflation would ease into the single digits in the second half of the year. He also reiterated interest rates would stay higher for longer. (Reporting by Jason Hovet; Editing by Kim Coghill)

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.