All members to attend July 26 Czech cbank meeting

19.07.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, July 19 (Reuters) - All seven members of the Czech central bank (CNB) board will attend a monthly policy meeting next week, the CNB said...

...in a statement on Thursday.

The CNB board will meet on July 26, and most analysts expect a further tightening of monetary policy by 25 basis points in the face of fresh data showing building inflationary pressures.

The CNB hiked rates by the same amount in May, in a decision hit by a minor controversy after a board member seen on the dovish side was absent. The rate vote was tied at 3-3, with the vote of Governor Zdenek Tuma deciding for an increase.

Two members missed the meeting in June -- where rates held steady -- but one was considered hawkish and the other dovish.

The key two-week repo rate currently stands at 2.75 percent, 125 points below the key euro zone rate.

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Články ze sekce: Zpravodajství ČTK