Marek Mora – CNB may keep rates stable or hike in May

The Czech central bank faces a dilemma whether to raise interest rates further as inflation soars but demand gets hit by falling real incomes, said CNB Deputy Governor Marek Mora in an interview for Reuters: "I can imagine we will not hike rates at all now in May. But I can also imagine that we will hike by perhaps a percentage point. It does not seem very likely to me but it can happen."