# Czech interest rates already at high level, central bank governor says
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-09-05
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Czech Central Bank Governor Reveals Strategy for Reducing Inflation
Meta Description: Czech interest rates are at a high level dampening domestic demand, according to central bank Governor Ales Michl. Learn more about the factors affecting
URL: https://financedigest.com/czech-interest-rates-already-at-high-level-central-bank-governor-sayshtml

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PRAGUE (Reuters) – Czech interest rates are already at a high level that is dampening domestic demand pressures, central bank Governor Ales Michl said on Monday.

Michl said in a series of Twitter posts that three necessities were needed for reducing inflation: reducing state debt; preventing a wage inflation spiral; and keeping and stabilising interest rates at a higher level that what was seen in the past 10 years.

(Reporting by Jason Hovet)


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