(Bloomberg) -- The Czech central bank may soon raise
the benchmark interest rate, the lowest in the European Union,
because anti-inflationary influences such as the strength of the
koruna ``have faded away,'' said Deputy Governor Miroslav Singer.
Rate-setters, who maintained the two-week repurchase rate at
2.5 percent for seven months, can no longer ignore quickening
consumer-price growth and the effect of higher borrowing costs
abroad, Singer said in a May 16 interview in Prague.
Read more at Bloomberg Emerging Markets News
the benchmark interest rate, the lowest in the European Union,
because anti-inflationary influences such as the strength of the
koruna ``have faded away,'' said Deputy Governor Miroslav Singer.
Rate-setters, who maintained the two-week repurchase rate at
2.5 percent for seven months, can no longer ignore quickening
consumer-price growth and the effect of higher borrowing costs
abroad, Singer said in a May 16 interview in Prague.
Read more at Bloomberg Emerging Markets News
No comments:
Post a Comment