Czech GDP accelerated less than expected in Q1-c.bank's stats chief

PRAGUE Thu May 15, 2014 7:50am EDT

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PRAGUE May 15 (Reuters) - The Czech economy accelerated less significantly year-on-year in the first quarter than the central bank (CNB) expected, the head of the bank's statistics and monetary section said on Thursday in a blog post.

"The Czech economy has further accelerated its year-on-year growth in the first quarter, however less significantly than assumed by the CNB new forecast," Tomas Holub said on the central bank's website.

He also said that worries of a negative impact from the weaker crown on domestic demand were not confirmed, with data showing a recovery which could be longer lasting.

(Reporting by Robert Muller; Editing by Jason Hovet)

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