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CNB's Kubicek Says Rate Cuts Have Not Been Debated Yet

CZECHIA
  • CZECH CENTRAL BANKER KUBICEK: I WOULD HAVE TO BE CERTAIN THAT CORE INFLATION DECREASED TO CONSIDER RATE CUT
  • (Reuters) - The Czech National Bank has not yet debated an interest rate cut and a further hike cannot be ruled out with risks around wage developments and fiscal policy remaining, board member Jan Kubicek was quoted as saying on Wednesday.
  • Kubicek said in an interview with financial daily Hospodarske Noviny that a drop in core inflation was still needed before considering rate cuts, adding he did not see a rapid interest rate decrease in the autumn as suggested by the yield curve.

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