PRAGUE (Reuters) – A further increase in interest rates at the Czech National Bank still makes sense, board member Tomas Holub said on Sunday, as it would serve as a signal that the central bank has not given up on efforts to curb inflation.
The central bank has kept its key rate at 7.00% since June last year when it last raised rates in its year-long tightening program
” The prolonged period of unchanged interest rates gives the impression that the central bank is not doing enough, and in my view is even a signal effect of further rate hikes. “Interest rates are going to be high,” Holub said in a televised debate said. Holub, who has been supportive of raising rates, said yes.
makes sense to me,” Holub said. Close to target early in 2024.
