Czech Rate Hike in June a ‘Real Possibility,’ Governor Says

Czech central bank Governor Ales Michl said he sees a stronger argument to raise interest rates in June to contain inflationary pressures.

While the global cost pressures from the energy shock may abate, the Czech economy is also facing domestic risks that may require a tightening of monetary conditions, Michl told Bloomberg News in an interview a week before the rate meeting.

“I think a June move now a real possibility" Michl said. “The case for a rate hike has strengthened. ” (Source: Bloomberg)