The Czech National Bank could raise interest rates twice before the end of the year, according to its governor Jiří Rusnok. He told Reuters the news just a month after the bank raised its basic rate to 1.25 percent before warning that the the next move could take place this month. “The Czech economy is probably near the peak of the economic cycle,” he said. “We’re growing very dynamically, though it’s slower in comparison to last year, but this is more a cooling down from a very strong overheating. It’s still an economy that’s obviously in growth mode and there’s no reason to heat it up using an expansive foreign exchange policy.”
