Czech c.banker: Crown rise not enough to cut rates

...interest rates, he said in an online interview with readers of a Czech paper.

Central bank (CNB) Vice-Governor Miroslav Singer suggested on Wednesday that interest rates could be cut to offset the strength of the crown, a view contrary to market expectations that a rise will be the next rate move [ID:nL10244378].

When asked whether the central bank (CNB) should cut rates in case the crown firms too fast, Hampl said on the Internet pages of the daily Lidove Noviny:

"This is probably a reaction to the statement by colleague Singer from this week, isn't it? I personally do not see it so dramatically so far."

[PRAGUE/Reuters/Finance.cz]