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Hampl Sees No Need for Unusual Czech Monetary Move, Reuters Says

Sept. 19 (Bloomberg) -- The Czech central bank doesn’t need to use unconventional tools to ease monetary policy as it wouldn’t reflect the healthy fundamentals of the domestic economy, Reuters reported, citing Vice-Governor Mojmir Hampl.

The country needs to find a way of encouraging households and companies to spend and borrow more, Reuters cited Hampl as saying in an interview. Hampl isn’t sure whether interest rates should be reduced further and he couldn’t say how he will vote at the next policy meeting on Sept. 27.

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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