Czech c.bankers disagree over CPI outlook-minutes

...prices, according to the meeting's minutes released on Wednesday.

As announced after the vote, five members of the seven-strong CNB policy board voted to keep interest rates unchanged at a 5-1/2-year high of 3.50 percent , while two dissenters called for a 25 basis point rise.

Board members agreed, however, the inflation outlook was exceptionally uncertain. "There was consensus that inflation developments at the monetary policy horizon, which were surrounded by a higher degree of uncertainty than usual, were of key significance to considerations of monetary policy interest rate settings," said the minutes.

Benchmark credit costs have doubled from an all-time low of 1.75 percent in October 2005, as the CNB clamped down on resurgent inflation in the booming central European economy.

(Reporting by Marek Petrus; editing by David Stamp)

Keywords: CZECH CBANK/

[PRAGUE/Reuters/Finance.cz]