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Best if more rate hikes follow pause, Czech central bank head says

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It would be best if the Czech central bank followed its current pause in monetary policy changes with more interest rate increases, because rates are still not at normal levels, the head of the central bank said on Tuesday. Governor Jiri Rusnok said there was no need to rush with further policy changes, following a rate increase last month that brought the main repo rate to 2.0%.

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