HIGHLIGHTS-Czech c.bank chief's monthly news conference

27.09.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, Sept 27 (Reuters) - The following are selected comments by Czech central bank Governor Zdenek Tuma at a news conference following the...

...bank's monthly monetary policy meeting where the board voted unanimously to leave interest rates flat.

For main news report, click on [ID:nL27772602]

ON IMPACT OF TAX CHANGES AND REGULATED PRICES:

"Overall inflation of course is relevant.

"If overall inflation is driven upwards by primary changes of indirect taxes, or regulated prices, then we should react to the secondary impact.

"Monetary policy inflation is what we react directly to... and that is below our forecast.

"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."

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Články ze sekce: Zpravodajství ČTK