PRAGUE, Dec 18 (Reuters) - The Czech central bank’s board sees risks tilted toward lower interest rates in the coming quarters than seen in the bank’s quarterly staff forecast, the bank said after a policy meeting on Wednesday.
The bank’s forecast, issued in November, assumed interest rate hikes in this quarter and also in the first quarter of 2020, followed by a decline from mid-2020.
The board voted 5-2 to keep rates flat on Thursday, as expected by market analysts, as the board opted not to follow the rate path assumed by the forecast.
The two dissenters voted for a 25 basis point increase, the bank said.
Reporting by Jan Lopatka