Czech Policymakers Saw Tariffs as Inflation Risk, Minutes Show
Governor Ales Michl advocated for leaving interest rates unchanged because the outlook for core inflation was “still fairly high.”
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Czech central bankers saw rising tariffs in global trade as an additional inflation risk, boosting the case for a “wait-and-see” policy approach, according to minutes from the March 26 rate meeting.
Board members agreed that domestic price pressures included the costs of services and food, wage growth fueled by a tight labor market, as well as a rebounding housing market, the minutes published on Friday showed.