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Governor Ales Michl Flags Need To Remain Hawkish

CNB

Wires run comments from CNB Governor Ales Michl, who told the Senate that the central bank needs to remain hawkish in order to keep fighting inflation.

  • "We must remain hawkish and above all ensure that inflation won't remain high," as inflation is still not at the level that the central bank would be satisfied with.
  • The official said that the current level of inflation "does not allow us to lower interest rates" and "is a level that we will need to have a hawkish policy towards."
  • Michl's comments crossed the wires minutes before the start of the CNB media blackout at 14:00BST/15:00CEST.
  • The Governor spoke after three of his colleagues pushed back against what they described as excessive market rate-cut wagers.
  • The CNB will announce its monetary policy decision next Thursday. All seven members of the Bank Board will attend the meeting.
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