All 7 Czech c.bankers to attend Aug 30 meeting

23.08.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

All seven Czech central bank (CNB) policymakers will attend the monthly interest rate-setting meeting on Aug. 30, the CNB said on Thursday....

...

The seven-member CNB policy board was incomplete at several monthly meetings earlier this year, heightening interest in who will attend the meeting and whether absences will help tip the balance of any vote on interest rates.

Investors have been uncertain whether board members see inflation pressures strong enough to warrant a second rate rise in as many months after July's quarter point hike in the policy rate to 3 percent.

Financial markets have priced in no policy change at the August meeting, while fully discounting a 25 basis point rate increase at the subsequent meeting in September.

Policymakers' hawkish statements over the past weeks have raised the spectre of further tightening to tame price pressures stemming from robust economic growth and labour shortages in many industries, which are threatening to fuel wage demands.

FACTBOX on profiles of CNB policymakers........[ID:nL28883806]

[PRAGUE/Reuters/Finance.cz]

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