Current Czech data don't warrant rate hike-cbanker

...bank board member Robert Holman said on Tuesday.

Speaking to Reuters on the sidelines of a financial conference, Holman said he did not favour a pre-emptive move on interest rates and would prefer to wait until the bank's updated CPI forecast in July before changing policy.

"The data that we have obtained so far are not troubling enough to require a rise in interest rates," he said.

Analysts are increasinngly expecting the central bank to tighten policy this month after Monday's data showing the strongest-ever growth in retail sales which followed figures signalling a build-up of inflation pressures.

[PRAGUE/Reuters/Finance.cz]