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June rate hike coming -Seznam Zpravy -Breaking


PRAGUE, Reuters – As long as there is nothing economically significant before June, the Czech central bank will likely increase its interest rates in June. However, how much depends on current conditions, said Vice-Governor Tomas Nidetzky.

A podcast he did with Seznam Zpravy was published Wednesday.

Nidetzky stated that while higher interest rates are cooling the economy, the bank did not intend to cause it into recession.