Czech Tuma:Rate trajectory may be lower than fcast

27.09.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, Sept 27 (Reuters) - The trajectory of Czech interest rates may be lower than previously expected if the central bank (CNB) assesses that...

...the secondary effects of tax changes and regulated prices is small, CNB Governor Zdenek Tuma said on Thursday.

"If we make the assessment that perhaps the secondary impacts (of indirect tax changes) are not very significant, then yes ... theoretically it could lead to, for example, the trajectory of interest rates in the next forecast possibly being somewhat lower than it was in the previous one," Tuma said.

The CNB left the key two-week repo rate unchanged at 3.25 percent on Thursday, taking a pause after two consecutive quarter-point hikes in the past two months.

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