He said there was no need to rush with further policy changes at the moment following a hike last month that brought the main repo rate to 2.0%. The bank signalled lengthy rate stability ahead following that meeting and a majority on the board agreed the next move could go in either direction.

"It would be optimal if this is just a break, because certainly we are still not at what we consider as a normal level of interest rates," Rusnok told reporters on the sidelines of a central bank roundtable with business representatives.

He said he saw signs of easing pressures in the labour market and did not see a change of trend from a tick-up in May inflation as it was caused by volatile factors.