• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Czech central bank chief defends rate hike criticised by Finance Minister

October 3, 2021 by David Barret Leave a Comment

October 3, 2021

PRAGUE (Reuters) – Czech central bank governor Jiri Rusnok defended on Sunday the bank’s 75 basis point interest rate increase after the surprise move was criticised by Finance Minister Alena Schillerova ahead of a parliamentary election.

Schillerova said the hike turned economic policy toward one typical for developing countries. [L8N2QW5J1]

“Those words are absolutely incompetent,” Rusnok said during a television debate. “Terms are being used that do not fit.”

He said economic policy encompassed fiscal and structural policies as well as the central bank’s domain of monetary policy, and that he was sure other central banks would follow suit in tightening their monetary policies.

Ahead of the on Oct. 8-9 election, for which Schillerova leads the ruling ANO party’s candidate list in the south-eastern region, he said the independent Czech central bank did not feel pressured by the government.

“We do not feel any political pressure, these things happen at more tense phases of developments. In our situation, I do not feel any threat of this kind,” Rusnok said.

The bank’s move, which exceeds the 50 basis point tightening expected by financial markets, took the main repo rate to 1.5%.

Rusnok said on Thursday more hikes would follow, and repeated that on Sunday.

(Reporting by Jan Lopatka; Editing by Catherine Evans)

Source Link Czech central bank chief defends rate hike criticised by Finance Minister

David Barret
David Barret

Related posts:

  1. HPE signs multi-billion dollar NSA computing deal
  2. EU’s chief executive warns against ‘pandemic of the unvaccinated’
  3. Ghana’s economy grew by 8.9% in second quarter, president says
  4. U.S. chipmaker Micron forecasts first-quarter revenue below estimates

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • 24-Million-Year-Old Protein Fragments Are Oldest Ever Recovered, A Robot Listened To Spoken Instructions And Performed Surgery, And Much More This Week
  • DNA From Greenland Sled Dogs – Maybe The World’s Oldest Breed – Reveals 1,000 Years Of Arctic History
  • Why Doesn’t Moonrise Shift By The Same Amount Each Night?
  • Moa De-Extinction, Fashionable Chimps, And Robot Surgery – No Human Required
  • “Human”: Powerful New Images Mark The Most Scientifically Accurate “Hyper-Real 3D Models Of Human Species Ever”
  • Did We Accidentally Leave Life On The Moon In 2019 – And Could We Revive It?
  • 1.8 Million Years Ago, Two Extinct Humans Had One Of The Gnarliest Deaths In History
  • “Powerful Image” Of One Of The World’s Rarest Tigers Exposes The Real Danger In Taman Negara
  • Evolution, Domestication, And A Lot Of Very Good Boys: How Wolves Became Dogs
  • Why Do Orcas Have White Spots Near Their Eyes?
  • Tomb Of First King Of Ancient Maya City Discovered In Belize
  • The Real Reason The Tip Of Your Tape Measure Wiggles Like That
  • The “Haunting” Last Message From NASA’s Opportunity Rover, Sent From Inside A Planet-Wide Storm
  • Adorable Video Proves Not All Gorillas Hate The Rain. It Might Even Win One A Mate
  • 5,000-Year-Old Rock Art May Show One Of Ancient Egypt’s First Rulers
  • Alzheimer’s-Linked Protein Levels “20 Times Higher” In Newborn Babies – What Does This Mean?
  • Americans Were Asked If They Thought Civil War Was Coming. The Results Were Unexpected
  • Voyager 1 & 2 Could Be Detected From Almost A Light-Year Away With Our Current Technology
  • Dams Have Nudged Earth’s Poles By Over 1 Meter In The Past 200 Years
  • This Sugar Could Be A Cure For Male Pattern Baldness – And It’s Been In Our Bodies All Along
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version