Czech central bank sees no reasons for quantitative easing

The Czech National Bank sees no reasons for the policy of quantitative easing, the bank’s governor, Mojmír Hampl, told a conference in Prague on Tuesday. The problems of the Czech economy differed from those of the countries which opted for the move, Mr Hampl said; the Czech Republic has a stable financial sector, it does not have issues with liquidity and does not face the threat of the so-called deflation trap. Governor Hampl also suggested there was a big difference between the real and the perceived state of the economy whose foundations were sound.

Author: Jan Richter