Banking and financial sector in good health, says central bank governor

The Czech banking and financial sector is in good health because it is has little connection with the products which have led to an avalanche of problems in the United States, the governor of the Czech National Bank, Zdeněk Tůma, said on Thursday. He said for that reason the impact of the global financial crisis on the Czech economy had been minimal and the central bank had no plans to take action. The Czech National Bank announced on Thursday it was, as expected, keeping the key interest rate at 3.5 percent.