Czech monetary conditions restrictive, further hike still not ruled out, Frait says

Kitco Media
By Reuters
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Reuters
PRAGUE, March 2 (Reuters) - Real monetary conditions in the Czech Republic are not expansive at the moment, while a need to tighten policy further cannot be ruled out, Czech National Bank Vice-Governor Jan Frait said on Thursday. The tightening can come via interest rates or crown exchange rate conditions, Frait said in an article co-authored with board adviser Jakub Mateju posted on the central bank's website. The central bank has been on hold on rates, keeping its main interest rate at 7.00% since last June. (Reporting by Jason Hovet and Robert Muller)

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