# Czech interest rates already at high level, central bank governor says
Published: 2022-09-05
Category: Headlines
Category URL: https://bizdispatch.com/category/headlines/
Meta Title: Czech Central Banker Cautions on High Interest Rates
Meta Description: Learn how Czech central bank Governor Ales Michl aims to reduce inflation by addressing state debt, wage inflation, and interest rates. Read more now.
URL: https://bizdispatch.com/czech-interest-rates-already-at-high-level-central-bank-governor-says/

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PRAGUE (Reuters) – Czech interest rates are already at a high level that is dampening domestic demand pressures, central bank Governor Ales Michl said on Monday.

Michl said in a series of Twitter posts that three necessities were needed for reducing inflation: reducing state debt; preventing a wage inflation spiral; and keeping and stabilising interest rates at a higher level that what was seen in the past 10 years.

(Reporting by Jason Hovet)


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