Czech central bank governor: fiscal policy, wages were arguments raised for rate hike

Kitco Media
By Reuters
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Updated:
Reuters
PRAGUE, May 3 (Reuters) - Fiscal policy and wage developments were the main arguments for Czech central bankers supporting a possible interest rate, Governor Ales Michl said on Wednesday after the board voted 4-3 to keep policy stable. He said the board will wait for more data and then will decide on policy stability or a rate hike at its next meeting. The dissenters voted for a 25 basis-point increase in the repo rate, which stands at 7.0%, and there were even calls of a larger increase, Michl said. (Reporting by Robert Muller and Jan Lopatka)

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