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No Euro before 2017

Wednesday, October 13, 2010 - 05:28

The Czech Republic is not in a position to adopt the euro before 2017 at the earliest, says Kamil Janacek, the newest member of the Czech National Bank's governing board.

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Check interest rates are at a record low but for how much longer and help on -- that we're joined live from Vienna by Tommy let's say to protect. The chip equipment room. Wednesday inflows -- speculative capital and to have. Let's say to revive. They could not meant to keep the things that price of money -- them over are not enough of a king. That -- appreciation of the current institute the end of this. markets in the European and you know. Might Chinese themselves have. Asian engine market but it's of course that he pitch no longer a secret space not. -- not the case force or. Check interest rates are at a record low but for how much longer and help on -- that we're joined live from Vienna by Tommy got I gotta check the newest member of the Czech national bank's governing board mr. yeah and I checked many thanks for talking with -- just. I'm not -- you just mentioned to -- Reuters over there in Vienna that that you don't see a rate hike before the end of the year gap. When you expand that will come. They seem to be even discuss that it as the end of this year is the freshest McCurry economy date dot. And then meet -- react. What what are you wanna see. Am and you must have their first date bones. A bodes would GDP development. Inflation. Regularly -- my -- and of course also. About ups moves that they have -- exports and in the first place of course -- he -- that imported inflation to I didn't mind the commodity prices so what what are the main risk of keeping rates. Best -- for this long. I think it's. -- a normal way how let's say to protect. The chip equipment room. Wednesday inflows -- speculative capital and to have. Let's say to revive. They could not meant to keep the things that price of money -- them over on the -- What what about a currency. Do you have what John any issues with the current level of the crown. The currency is now slightly stronger. -- and -- that. -- ever apologists things it's not it's not so much stronger and sort of balls. As an erroneous and V are not enough of a king. That -- appreciation of the current institute the end of this. I'm an in the last Central Bank leasing in the minutes. It was said to strengthen the exchange rate probably poses more risks to economic growth. Then in the previous period to agree with that and -- know what has changed since then -- Nice I agree miss it. Icing to the short period out of -- appreciation between the farce. And the second quarter was bigger than it is now. And now -- that the appreciation by 34%. Pose no program -- No problem for exporters. What what what about the bigger picture the context picture what's going on in the US what's going on in China how closely are you watching that. Are saying that so I think that the tight enough courses. Doing extremely about. Com. Also always India or Brazil or other Latin American countries. And it's. Move. Now that -- exporters are trying with some success. To replace. Some markets in the European and you know. Might Chinese themselves have. Asian engine market but it's of course that he pitch no longer a secret space not. -- not the case force or. What what do you think about the impact of of the loose monetary policy in the US. because that slew. With the Americans are exaggerating. That's sort of a double date. And it and did you double -- US. It's. The current detective fees and being prepared by fact. From my point of view would be a mistake. So okay so so. So you you would argue that they do not need another round of -- Now if you are umpiring used to seeing that 2.3 2.5 gross. Of course if he's you are comparing it before -- session. Or person to -- in recession. Is the slow girls and but if you are comparing it to -- at the beginning going to dictate notes that of the second half of the nineties. It's almost an arm of gross. You've been a year -- The costs -- you argued against the adoption of the Euro where do you stand on mine now. I -- skeptical -- our artists that effective critic you -- things of course veto if you get adult. The -- On Bucs need to do not to be. In the short from even from the technical point of fuel ER and they don't having in mind or technicalities. We are unable to -- before. 2007 keynote themselves and AT. And it's on the other site. Icing votes for the moment. We're ozone is not retire to adopt. The bigger problem could be their country and we're talking about Estonia and subpoena from the -- farms Arizona but it's the army but let's say. I'm Brit I -- note that the country's this folder and put in public. this again I checked many thanks for talking with us that coming -- not checked. From the Czech national practice.

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No Euro before 2017

Wednesday, October 13, 2010 - 05:28