Czech wages not yet exceeding productivity-cbanker

...tight labour market, central bank board member Mojmir Hampl told the daily Hospodarske Noviny.

"So far we are not in a situation where wage growth would begin to overtake the productivity rise," he said in remarks reported on Monday. "But I must stress the words 'so far'. There is a risk that wages may get unleashed by the dwindling reserve of available domestic workers."

The central bank has raised interest rates three times this year to 3.25 percent as inflation pressures have piled up in the Czech economy, which is growing at a 6 percent pace.

Central bank Vice-Governor Ludek Niedermayer told Reuters on Friday that interest rates may have possibly risen to a level where they may stay for some time.