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Czech central bank vice-governor: money supply data suggest inflation losing drive

Czech central bank vice-governor: money supply data suggest inflation losing drive
Czech central bank vice-governor: money supply data suggest inflation losing drive Copyright  Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
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PRAGUE - Money supply data suggest that this driver of inflation is losing some steam, Czech National Bank (CNB) Vice-Governor Eva Zamrazilova said on Wednesday.

Zamrazilova also said that it is necessary to communicate the need for restraint in wage growth as unions and other groups call for higher wages amid high inflation, which soared to 17.5% in July.

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