T. Holub – A bit more tightening would provide a buffer against a price-wage spiral

CNB Bank Board member Tomáš Holub in an interview for Bloomberg called for another moderate rate hike, which he believes could help in the fight against a wage-inflation spiral: “The question now is how quickly we will get inflation down to our target. I’m not saying we should keep hiking forever, but the cycle feels incomplete to me. A bit more tightening would provide us with a safety buffer against a price-wage spiral.”