CNB Governor Declines to Comment on Probability of Rate Cut

Summary of comments from CNB Governor Ales Michl's post-rate presser (via Bloomberg):

• The board debated a plan for future rate cuts but an option of lowering borrowing costs already on Wednesday wasn’t on the table, according to Michl.
• “I won’t say what the likelihood is,” he said when asked about the probability of rate cuts taking place still this year.
• “We will be ready, we have a clear strategy, but the key is that at each bank board meeting we will assess new data,” including on inflation trends, the job market, savings and consumption, Michl said adding that “all options are open.”
• “In my personal opinion, the outlook for core inflation next year is still above 3%, therefore if headline inflation is below 2%, but within our tolerance band, I don’t mind a slight undershooting of the target.”