HIGHLIGHTS-Czech central bank monthly news conference

20.12.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The following are selected comments by Czech central bank (CNB) Vice-governor Ludek Niedermayer at the bank's monthly news conference on...

...Wednesday following a decision to keep interest rates on hold.

For a news report on the decision, click on [ID:nL20551907].

ON ASSESSMENT OF RISKS TO CPI OUTLOOK:

"The board took a simple stance on the inflation prediction: The risks are skewed in the anti-inflationary direction.

"The main uncertainties (to the forecast) are definitely on the anti-inflationary side."

ON CROWN FIRMING TO RECORD HIGHS:

"Expectations (in the market) are apparently set for a further firming (of the crown), but it is difficult to find economic mechanics explaining why the crown should continue firming.

"If there is a sharp firming or a weakening in the crown ... it is not irrational to expect the exchange rate could correct."

[PRAGUE/Reuters/Finance.cz]

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