Singer Sees Czech Rates Rather Stable in 2012, Prague Post Says

Czech interest rates will be “rather stable” this year unless “some big surprise” appears, The Prague Post reported, citing central bank Governor Miroslav Singer.

The central bank doesn’t take changes in the value-added tax, which boosted inflation this year, into account for its monetary policy, the newspaper cited Singer as saying in an interview.

To contact the reporter on this story: Peter Laca in Prague at placa@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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