Czech Rezabek:some cbankers take growth into account

14.08.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Some Czech central bank (CNB) policymakers consider sustaining both price stability and economic growth when discussing interest rate increases,...

...CNB board member Pavel Rezabek said on Tuesday.

"Each (member of the seven-strong policy board) has a different view on the future and has a different opinion on potential inflationary pressures," Rezabek said in an online interview on the Web site of the daily Lidove Noviny.

"Some of us take into account also the second goal of the CNB, which is defined by law, that is promoting sustainable economic growth as interest rate rises have a negative impact on demand, and thus also on economic growth."

The board next meets on interest rates on Aug. 30, after July's quarter point hike in the policy rate to 3 percent , its highest in nearly five years.

[PRAGUE/Reuters/Finance.cz]

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