Eva Zamrazilová: Rate cuts should be paused for now
Inflation pressures warrant a pause in interest rate cuts this month, CNB Deputy Governor Eva Zamrazilová told Reuters in an interview. Further monetary policy easing may be up for future discussion if consumer prices data for January give positive signals, Zamrazilová said. The CNB’s key rate is currently at 4%. The Deputy Governor also said that, in response to a review of its monetary policy, the central bank would develop a second fully-fledged forecasting model so as not to be too reliant on its current single model.