PRAGUE – Czech central bank Vice-Governor Marek Mora said on Monday he would favour using interest rates as the primary monetary policy tool to fight high inflation instead of interventions supporting the crown’s exchange rate.

“I would be in favour of using the exchange rate in a very limited way,” Mora, who has voted in the minority for higher interest rates at the last three meetings, said in a podcast interview shown live on Seznam Zpravy news website.

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