Czech Central Bank Chief Reiterates Vow to Cut Rates Cautiously
The city skyline from the roof of the Czech central bank headquarters in Prague.
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Czech central bank Governor Ales Michl reiterated his pledge to move “very cautiously” with monetary easing to avoid provoking a resurgence in inflation.
Policymakers cannot repeat the mistake when interest rates were held too low for too long before the coronavirus pandemic, which led to an increase in debt, Michl said Thursday at a Forbes conference in Karlovy Vary that was streamed online.