TEXT-Minutes from Czech c.bank June 25 board meeting

July 3 (Reuters) - Following is the full text of the minutes from the Czech central bank (CNB) governing board's June 25 monetary policy meeting, released on Friday. Present at the meeting: Zdenek Tuma (Governor), Robert Holman (Chief Executive Director), Pavel Rezabek (Chief Executive Director), Vladimir Tomsik (Chief Executive Director), Eva Zamrazilova (Chief Executive Director). The meeting opened with a presentation of the fourth situation report assessing the newly available information and its impact on the fulfilment of the risks to the inflation forecast from the third situation report. The situation report assessed the overall balance of risks as being inflation neutral. Annual inflation in May had been just 0.1 percentage point higher than the forecast. This deviation had been due to a slight rise in adjusted... [read full story]                    

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