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.
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.
Poland’s central bank will probably keep borrowing costs unchanged at a record low for a 18th month today after inflation slowed and wage pressure eased in November, a poll showed.
The Czech inflation rate rose less than forecast and stayed below the central bank’s target in February as policy makers debate when to start raising interest rates.
The Czech central bank will probably start increasing interest rates in June and will lift borrowing costs more than the European Central Bank by the end of 2012, JP Morgan forecast.
"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