Czech cbanker:Board sticks to view rates will rise

30.08.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Czech central bank (CNB) board maintained its view of the economy presented in July, and sticks to an outlook of rising interest rates, CNB...

...Governor Zdenek Tuma said on Thursday.

Tuma said the labour market was a key signal showing "strong, robust growth" in the Czech economy.

He added the external environment was "neutral to slightly anti-inflationary" due to uncertainty about global interest rates.

The board voted 4-3 to raise the key two-week repo rate by 25 basis points to 3.25 percent earlier in the day.

[PRAGUE/Reuters/Finance.cz]

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