Higher Czech rates now would not mean faster cuts later, Zamrazilova says

Kitco Media
By Reuters
Published:
Updated:
Reuters
PRAGUE, March 6 (Reuters) - The Czech central bank would not be able to cut interest rates any faster if it raised rates now, Vice Governor Eva Zamrazilova was said in an interview on Monday. "I do not believe the view in which the higher we go with the rate now, the faster we will be able to lower rates afterward," she told news website Info.cz. "The reason is simple: the level of inflation in the Czech Republic will in the future depend on the course of the disinflation process in the euro zone."
(Reporting by Jason Hovet Editing by Bernadette Baum)

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