Czech cbanker sees no reaction to turmoil -agency

...several weeks, CNB governor Zdenek Tuma said in an interview with Market News International.

"At this moment I don't see any significant impact on the Czech economy on such a scale that monetary policy should respond," he told MNSI in the interview conducted on Monday and released on Tuesday.

The seven-member Czech central bank board meets on Aug. 30 and analysts are uncertain whether its members see inflation pressures strong enough to warrant another rate rise following July's quarter point hike in the policy rate to 3 percent.

Tuma said the CNB was unlikely to raise interest rates by 50 basis points this month, while declining to predict the pace and timing of future policy moves.

[PRAGUE/Reuters/Finance.cz]