Czech central bank opposes further rate cuts

PRAGUE: Czech interest rates should not go down further and the central bank should adopt a wait-and-see approach, bank board member Eva Zamrazilova was quoted as saying on Friday.

Zamrazilova had long advocated higher rates until adopting a neutral stance at the latest board meeting in September.

"For now, my view is to wait and see," Dow Jones quoted her as saying, adding she was "definitely" against further easing.

The Czech central bank has kept the main interest rate at an all-time low of 0.75 percent since May 2010.

Copyright Reuters, 2011