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Czech central bank’s Hampl: Rates should already be above 1 pct

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The headline Czech interest rate should already be above 1 percent as the economy is feeling the effects of overheating, central bank vice-governor Mojmir Hampl said in an interview published on Thursday. “A state in which we feel in every corner overheating of the economy and at the same time we are still with the base rate below 1 (percent), is unprecedented,” he was quoted as saying by weekly magazine Ekonom.

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