Czech central bank governor Jiri Rusnok has said that due to the revved-up economy the bank was likely to increase interest rates before the end of the month and then one more time before the end of the year.
In an interview for Reuters Rusnok said he expected a serious debate on a possible interest rate move at a meeting of the bank board on September 26, saying a hike was a strong possibility and there were few arguments against it.
The Czech National Bank has lifted interest rates at its last two policy meetings.
“Paneláks” – home for many Czechs, but what does the future hold?
Number of foreign workers in Czech Republic increases to over half a million
Prague Christmas markets expected to attract thousands of tourists
Czech purchasing power rising with GDP growth, firming koruna
Old Town Hall tower vantage point for biggest ever photograph of Prague