UPDATE 1-Czech c.banker Zamrazilova: Interest rates high enough to tame inflation -E15

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds link to earlier report) PRAGUE, April 24 (Reuters) - The Czech central bank's benchmark interest rate, currently at 7%, is high enough to tame inflation in view of the current state of the economy, vice-governor Eva Zamrazilova said in an interview with daily E15. Zamrazilova also reiterated that interest rates will have to stay higher for longer, while rate cuts cannot be considered until the inflation rate falls into single digits. Zamrazilova's comments on the E15 website were first issued in a podcast on April 18. (Reporting by Robert Muller, writing by Jason Hovet; Editing by Hugh Lawson)

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