Analysts: National Bank most likely to keep interest rates at current levels

The board of the Czech National Bank will most likely decide to keep the base interest rate at 7 percent at a meeting scheduled for next Thursday, according to analysts interviewed by the Czech News Agency. The experts say, however, that the situation is hard to call and some predict that a further rise may in fact be announced.

The current interest rate is the highest seen in the country since 1999.

Thursday’s meeting of the board of the central bank will be its first in a new line-up following personnel change and should signal the future direction of monetary policy, analyst David Marek of Deloitte said.

Author: Ian Willoughby