Czech central banker: rates sufficient but no cuts until inflation drops - podcast

Kitco Media
By Reuters
Published:
Updated:
Reuters
PRAGUE, April 18 (Reuters) - The current level of Czech interest rates is high enough and another rate hike would only have a small impact on inflation, Vice-Governor Eva Zamrazilova said in the Prostor X podcast. She said in the podcast posted on the central bank website on Tuesday that rates will also not be lowered until inflation drops to single digits and is clearly aimed to the central bank's 1-3% target range. Rates will have to remain relatively high for some time, longer than the bank believed a year ago, she said. (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.