Czech c.bankers see CPI risks on upside - minutes

...held off on raising interest rates to avoid reacting hastily to a weaker crown, the meeting minutes showed.

The minutes, released on Tuesday, revealed that some policymakers argued in the debate that new data could be seen as meaning less intense inflation pressure and that there was no significant risk involved in delaying a rise in interest rates.

As announced immediately after the meeting, four out of five board members present voted to leave interest rates unchanged at 2.75 percent, following a quarter of a percentage point hike in May. The one dissenter called for a further 25 basis point rise.

(For full text of minutes, click on the code: [ID:nL10557119])