Czech central bank chief: rates can rise slower now as we are in comfortable position
PRAGUE, Nov 25 (Reuters) - The Czech National Bank is in a comfortable position with interest rates now and it can tighten policy further at a more moderate pace, Governor Jiri Rusnok said on Thursday.
The central bank stunned markets with a 125-basis-point rate hike at its last policy meeting on Nov. 4, its biggest since 1997, which raised the key two-week repo rate to 2.75% as the bank aims to prevent inflationary expectations from decoupling.
Rusnok said that there was no reason for such steep moves anymore, and added he saw closer-to-standard hikes in future, while he could even imagine a pause in December.
Reporting by Robert Muller; Editing by Toby Chopra
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