HIGLIGHTS-Czech cbanker Tuma at monthly news conference

29.11.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Following are selected comments by Czech central bank Governor Zdenek Tuma at a monthly news conference following a decision by the bank board...

...to raise key interest rates by 25 basis points on Thursday.

For the main news report, double click on [ID:nL29206268].

ON NEXT MOVE IN INTEREST RATES:

"I am adding my own interpretation here, but I am of the opinion that it is difficult to foresee in which direction the next move will go. The risks (to the inflation outlook) are skewed in both directions.

"It can happen that we will be weighing a further rate increase at one of the upcoming meeting, or rates may stay at the current level for some time ... or I can imagine that the next move (in rates) may even be downward."

Tuma said one of the factors which could make the board consider cutting rates in the coming months could be the crown if it stays firm or strengthens further from current record highs. (Reporting by Marek Petrus and Petra Vodstrcilova; Editing by Alan Crosby)

Keywords: CZECH RATES/HIGHLIGHTS

[PRAGUE/Reuters/Finance.cz]

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