Czech c.bank sees mild policy reaction to reforms

03.05.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Czech central bank (CNB) may need to react in only a moderate way to an overhaul of taxes and public spending proposed by the government,...

...the CNB's chief economic forecaster said in a newspaper article on Thursday.

Tomas Holub, head of the CNB's monetary department, wrote in the weekly Ekonom that the proposed increase in the preferential value-added tax rate and the introduction of environmental taxes would temporarily quicken inflation by about 1 percentage point.

[PRAGUE/Reuters/Finance.cz]

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