Czech Central Bank Vice Governor Believes Fewer Factors Warrant Interest Rate Hike

The case for raising Czech interest rates has weakened in the past weeks, according to a senior policy maker who has been seen as a potential swing vote in next week’s decision.

While price pressures in some parts of the economy are still “relatively strong,” anti-inflationary signals have recently prevailed, Vice Governor Jan Frait said in an interview Tuesday. In an unusually tight vote to keep the main rate at 7% in May, Frait decided in favor of keeping interest rates put.

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