Czech c.bank's Zamrazilova: no rate cuts until inflation in single digits -Bloomberg

Kitco Media
By Reuters
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Reuters
PRAGUE, March 22 (Reuters) - Inflation should slow to single digits before the Czech central bank can cut interest rates and rate cut bets for 2023 may be overdone, Vice-Governor Eva Zamrazilova was quoted as saying in an interview with Bloomberg news agency. "I won't even think about interest-rate cuts until inflation slows to single digits," she said in the interview published on Wednesday. "We definitely won't start lowering rates until we see some easing of these persistent economic imbalances stemming from the tight labor market and loose fiscal policy."


(Reporting by Jason Hovet, Editing by Alan Charlish)

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