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Interview of Marek Mora, Deputy Governor By Krystof Chamonikolas and Peter Laca (Bloomberg 18. 1. 2023) Czech policy makers should raise interest rates further to cool the overheating labor market and underscore their commitment to fighting...
Czech Rate-Hike Forecast Is Too Steep for Central Banker Benda Interview of By Krystof Chamonikolas and Peter Laca (Bloomberg 26. 4. 2021) The Czech Republic will probably raise interest rates fewer times this year than official projections show because of the lingering impact of the pandemic, according to central bank board member Vojtech Benda. The economy must return to a “long-term, sustainable growth trajectory” before the timing of monetary-policy tightening can be debated, Benda said Friday in an interview. He still expects benchmark borrowing costs to be lifted in the second half...
Czech rate setter Michl says bets on summer hike may be premature Interview of Krystof Chamonikolas and Peter Laca (Bloomberg 16. 3. 2021) The Czech economy has been “surprisingly resilient” against one of the world’s worst coronavirus outbreaks, but market expectations of an interest-rate increase this summer may be premature, a central banker said. With most shops and services closed since late December under a virus lockdown, private savings have surged and are likely to help fuel a robust recovery once restrictions are lifted, Ales Michl said in an interview. While investors are be...