Czech cenbank vice-governor: first rate hike in H2 most likely scenario

By Kitco News / June 07, 2017 / www.kitco.com / Article Link

PRAGUE, June 7 (Reuters) - The Czech central bank could make its first interest rate rise in the second half of this year, Vice-Governor Mojmir Hampl said on Wednesday.

"Our forecast counts with the rise of interest rates in the second half of the year... so far, I still see this as the most likely development," Hampl said at a corporate treasury conference.

The Czech National Bank (CNB) abandoned its weak crown policy on April 6 after three-and-half years of interventions during which it prevented the crown from strengthening beyond 27 to the euro.


(Reporting by Jan Lopatka)

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