PRAGUE, April 25 (Reuters) - The Czech central bank
should wait with interest rate cuts until disinflation is
following the bank's expectations, policymaker Jan Kubicek was
quoted as saying on Tuesday.
"I don't have reservations about cutting rates this year,
but I will first want to see that our policy is working and that
the pace of disinflation is in line with our expectations,
especially in terms of core inflation," he said in an interview
with Bloomberg news agency.
He also said a widening budget deficit and rising wages may
fuel upward price pressures, and that "if budget consolidation
doesn't happen, for me that would be a reason to think about
raising rates, or postponing rate cuts."
(Reporting by Jason Hovet and Robert Muller)
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