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Czech central banker Nidetzky says he expects at least 75 bps hike at June 22 meeting -Bloomberg

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© Reuters. FILE PHOTO: The logo of the Czech National Bank is seen in this picture in central Prague December 9, 2011. REUTERS/Petr Josek

PRAGUE (Reuters) – The Czech National Bank is likely to raise its main rate by at least 75 basis points at its June 22 board policy meeting, Vice-Governor Tomas Nidetzky was quoted as saying on Wednesday.

“I can easily imagine a 75 basis-point hike,” he told Bloomberg news agency in an interview. “We could even do a bit more if we conclude that the inflationary pressures are persistent.”

The central bank has raised the key two-week repo rate by 550 basis points to 5.75% over the past year as it battles inflation that soared 16.0% in May, the highest level in nearly three decades.

Czech central banker Nidetzky says he expects at least 75 bps hike at June 22 meeting -Bloomberg

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