Czech interest rates already at high level, central bank governor says
2:55 am Monday, September 05th, 2022
PRAGUE (Reuters) – Czech interest rates are already at a high level that is dampening domestic demand pressures, central bank Governor Ales Michl said on Monday.
Michl said in a series of Twitter posts that three necessities were needed for reducing inflation: reducing state debt; preventing a wage inflation spiral; and keeping and stabilising interest rates at a higher level that what was seen in the past 10 years.
(Reporting by Jason Hovet)
