Czech's Tomsik on short-term outlook
"Consistent with the macroeconomic forecast and its assumptions is a modest rise in nominal interest rates initially, followed by a decline still in 2008. In 2009, nominal interest rates are expected to be broadly flat," said Vladimir Tomsik, a board member at the central bank.
Judging the Czech economy's transition process so far, Tomsik noted that major transition steps were
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