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Czech central bank's Frait cannot rule out another 50-bp rate cut-Bloomberg



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PRAGUE, July 23 (Reuters) -The Czech National Bank (CNB) is likely to slow the pace of interest rate cuts soon, although another 50-basis-point reduction when it meets next week cannot be ruled out, Vice-Governor Jan Frait was cited as saying.

"It is clear that the main focus of the debate on Aug. 1
will be a 25 basis-point cut," Frait said in an interview with Bloomberg news agency published on Tuesday.

"On the other hand, the latest inflation print was very low, which is reopening the question of whether there perhaps still is room to do another 50 basis points. I personally will be deciding between 25 and 50 basis points."




Reporting by Jason Hovet

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