Czech c.banker says next move likely a hike

19.12.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The next move in Czech interest rates is more likely to be a hike rather than a cut, central bank (CNB) Governor Zdenek Tuma said on Wednesday....

...

Tuma said the bank may mull a cut in case the crown currency maintained its fast appreciation against the euro, but added that he saw it unlikely the currency would maintain its recent pace of strengthening.

The bank's board voted 5-2 earlier on Wednesday to keep the main two-week repo rate at 3.5 percent, with the two dissenters supporting a 25 basis point hike. (Reporting by Marek Petrus, writing by Jan Lopatka; editing by Alan Crosby)

Keywords: CZECH RATES/TUMA

[PRAGUE/Reuters/Finance.cz]

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