Czech central bank's Nidetzky: June rate hike coming -Seznam Zpravy By Reuters

Czech central bank's Nidetzky: June rate hike coming -Seznam Zpravy

Economy May 18, 2022 01:30PM ET

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Czech central bank's Nidetzky: June rate hike coming -Seznam Zpravy

PRAGUE (Reuters) - The Czech central bank is likely to deliver another interest rate hike in June as long as nothing economically significant happens before then, although to what extent will depend on the current situation, Vice-Governor Tomas Nidetzky said.

He spoke in a podcast with news website Seznam Zpravy published on Wednesday.

In the interview, Nidetzky said the bank understood higher interest rates were cooling the economy but that the bank's goal was not to send the economy into recession.

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