Governor – Rate hikes are far from done

Governor Jiří Rusnok in an interview for Bloomberg: the CNB must continue its rapid interest rate increases to keep inflation under control, another move by more than half-point may be needed on 22 December.
“I’d like it if we could proceed at a standard pace, and I still consider even half a percentage point as a standard move, but I understand the situation could require at least one larger step than that. With the nature of our inflation pressures, it seems that we’ll need to bring rates above the neutral level, and that they will eventually be closer to 4% than 3% next year,” he said.