PRAGUE: Czech central bank Governor Miroslav Singer said he would only start considering tightening the country's monetary policy when producer prices started showing bigger rises.
"So far we see that the fall of producer prices is slowing and some (prices) are beginning to rise by tenths of a percent.
The economy is definitely not overheating and will not for a long time," Singer said in an interview with weekly magazine Euro published on Monday.
"Once we see producer prices rise by percents, then it may be time to think about it," Singer said, when asked whether it was already time to begin considering tightening monetary policy.
The central bank said in July it would keep the crown weak into 2016, delaying a planned end to foreign exchange interventions that help keep monetary policy loose amid a lack of inflationary pressures.
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