Czechs Keep All Rate Options Open With No Inflation Surge Seen

Czech policymakers said they were keeping all options on interest rates open in the face of a global energy shock, though signaled there was no imminent danger of a surge in inflation.

The central bank’s updated outlook for price growth, which partly incorporated higher oil prices, still sees the headline gauge below the 2% target this year, Governor Ales Michl said Thursday after policymakers unanimously voted to hold the benchmark at 3.5% for a seventh meeting.