• 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Your email address will not be published.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

  • Color Vs. Flight: Are Darker Birds’ Feathers Weighing Them Down?
  • 9,000-Year-Old Dog Poop Reveals Siberian Sled Dogs Ate Polar Bears
  • Watch The Highest Resolution View Of A Solar Flare Down To An Incredible 21 Kilometers
  • Jupiter’s Mysterious Core: Science’s Best Explanation For How It Formed Doesn’t Work After All
  • The Largest Ancient Whale Graveyard In The World Is In The Middle Of… A Desert?
  • Some Languages Don’t Clearly Express A Sense Of The Future, And It Skews The Way We See Reality
  • Rare White Kiwi Seen Scampering Back To Its Burrow In Broad Daylight In New Zealand
  • What Is Osmotic Power? Japan’s New Renewable Energy Plant Goes Live
  • The “Wow!” Signal Was Likely From An Extraterrestrial Source, And More Powerful Than We Thought
  • The Greatest Prank Ever Pulled In Space Really Fooled NASA’s Mission Control
  • Why Does Seafood Glow In The Dark? This Curious Phenomenon Has A Teeny Tiny Explanation
  • In 1973, A Handful Of People Witnessed A Whopping 74-Minute Total Eclipse
  • Does Putting A Metal Spoon In Champagne Really Keep It Fizzy?
  • Why Scientists Are Going Over A Kilometer Underground In The Search For Alien Life
  • The Deadliest Animal In The US Isn’t What You’d Expect
  • Humpback Whale Flippers Let Them Move “Like Underwater Fighter Pilots” To Make Unique Bubble Nets
  • The Only Place On Earth Where You (Yes, You) Can Search For Diamonds – And Keep What You Find
  • Bizarre Gravitational Collisions Reveal Hints Of First Black Hole Throuple
  • Newly Discovered Dinosaur’s “Sail-Like” Structure Along Its Back May Have Attracted Mates
  • What Are Lagrange Points, And Why Are They Important?
  • 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