Czech c.banker Tuma says rate decision was close

29.11.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The decision to hike the key Czech interest rate by 25 basis points on Thursday was not easy, but in the end the Czech central bank (CNB) voted...

...to tighten policy in light of a sharp jump in inflation, CNB Governor Zdenek Tuma said.

He told a news conference that next move in interest rates may go in either direction, and that the board may turn to debating a rate cut in the coming months if the crown currency stays firm or rises further. (Reporting by Marek Petrus; editing by Alan Crosby)

Keywords: CZECH RATES/TUMA

[PRAGUE/Reuters/Finance.cz]

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