No more interest rate cuts, hints central bank head

The governor of the Czech National Bank has indicated that it will not introduce any further interest rate cuts. In an interview for Tuesday’s edition of the newspaper Mladá fronta Dnes, Zdeněk Tůma said he did not regard a drop below the current 1 percent interest rate – a record low – as realistic. Mr Tůma said it appeared the Czech economy had already hit bottom. His comments echoed recent statements by two other members of the board of the central bank.