Thursday, May 31, 2007

Czech Central Bank May Lift Benchmark Interest Rate Today to Cap Inflation

(Bloomberg) -- The Czech central bank will probably
raise its benchmark interest rate today to prevent faster consumer
spending from boosting inflation, a survey of economists shows.

A majority of the six policy makers who attend the monthly
meeting will back an increase in the two-week repurchase rate to
2.75 percent from 2.5 percent, according to 15 of 20 economists in
a Bloomberg survey. Five expect no change.


Read more at Bloomberg Emerging Markets News

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