It’s everyone’s nightmare when going for a haircut. The barber turns into Sweeney Todd, sharpening his cutthroat razor ready for the kill.
Sometimes interesting ideas and good performances combine into a big theatrical yawn. It’s a mystery that London’s theater seems happy to be exploring.
Czech policy maker Robert Holman expects the central bank to start increasing interest rates earlier than suggested in its outlook as the economy will probably grow faster than forecast.
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Just a year ago, Poland and the Czech Republic were getting ready to join the euro and share their currencies with nations from Italy to Germany and Ireland to Greece.
One of the Czech central bank’s policy makers who voted for a quarter-point interest rate increase on Feb. 3 will leave the central bank’s board this week, minutes from the monetary meeting showed.
Czech President Vaclav Klaus named economist Lubomir Lizal as a new member of the central bank’s rate-setting board as policy makers heighten their debate on when to start raising borrowing costs.
Czech central bank board member Kamil Janacek said he sees no “immediate” need to raise interest rates after two colleagues suggested policy makers may consider increases in coming months.
The Czech central bank board voted 4- 3 today to leave the benchmark interest rate at a record low, showing the debate on the timing of policy tightening is intensifying as inflation and an economic recovery gather pace.
"Our latest forecast says that the period of interest-rate increases will probably start near the end of next year, but I think that it will start earlier, maybe at around the middle of next year."
- Robert Holman on Dec 10, 2010