Steady rates likely over longer term-Czech cbanker

09.02.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Czech interest rates are likely to hold steady over a longer period of time, but could move in either direction due to unusual uncertainty over...

...the economic outlook, central bank Vice-Governor Miroslav Singer said on Friday.

"In essence, I can imagine that some kind of a shock will force us to react with interest rates and that three months later, another one (shock) will make us react in the opposite direction," Singer told journalists on the sidelines of a conference on European integration.

"On average, the uncertainties lead me to presume that these shocks may offset each other, but I am not sure about that."

[PRAGUE/Reuters/Finance.cz]

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