Time nearing for Czech rate hike - c.banker quoted

...Bloomberg quoted CNB Vice-Governor Miroslav Singer as saying.

"Signals have started accumulating in one direction: toward an increase," he told Bloomberg in an interview.

The main two-week repo rate stands at 2.5 percent, the lowest in the European Union, but two out of six central bank board members present at last month's policy meeting voted for a hike.

The market now expects that the bank may raise rates already at the next policy meeting on May 31.

[PRAGUE/Reuters/Finance.cz]