Some Czech cbankers do not exclude rate cut-minutes

02.02.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Some Czech central bank board members said at the bank's Jan. 25 monetary policy meeting that a future interest rate cut could not be ruled...

...out, minutes from the meeting showed on Friday.

The board voted unanimously to keep interest rates unchanged at 2.5 percent, the lowest level in the EU.

The minutes said the board had agreed there were numerous risks to the bank's new inflation forecast in both directions.

"In the light of the numerous risks, the board agreed that there was greater uncertainty regarding future interest rates consistent with the fulfilment of the inflation target," the minutes said.

"Opinions were also experessed that a future interest rate cut could not be ruled out, depending how the situation develops."

[PRAGUE/Reuters/Finance.cz]

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