IMF forecasts 3% growth in Czech Republic

CZECH REPUBLIC - The International Monetary Fund (IMF) said on Apr 17 it expected the Czech economy to grow by around three percent 2001 after 3.1 percent in 2000.

The fund said in a report after a regular semi-annual mission to Prague that there were no significant inflationary pressures in the economy and that the central bank should retain its current accommodative policy stance.

It said the bank should stand ready to adjust rates in either direction to respond to domestic and external deman