Czech rates should be higher, central bank's Hampl says

Published: 09.11.2018 Related countries:  India India

Czech National Bank is considering to increase interest rates in the Czech Republic.

Czech interest rates should be higher than they are, central bank Vice-Governor Mojmir Hampl was quoted as saying in an interview with Roklen 24 before his final policy meeting.

The Czech National Bank has raised rates at its last three meetings and meets again on Nov. 1, which will be the last session for Hampl - who has been the biggest advocate for rate hikes - before his term on the board ends.

When asked by financial news website Roklen 24 whether he would vote for raising rates next week, Hampl said: "I think that in this phase of the economic cycle rates should be higher than they are."

Worked out by the team of CzechTrade Mumbai.

With using the source: Reuters