Czech Central Bank Unexpectedly Keeps Key Rate Stable

The Czech central bank unexpectedly left the benchmark interest rate unchanged at a record low on concern further cuts would fuel inflation even as the eastern European economy’s recession deepens. Policy makers kept the two-week repurchase rate at 1.5 percent at their meeting today in Prague after lowering it a quarter of a percentage point [...]

Czech Central Bank Reduces Key Rate to Record 1.5%

The Czech central bank cut the benchmark interest rate to a record low of 1.5 percent, signaling the bank expects a sharper economic contraction than it forecast will damp inflation. The Prague-based Ceska Narodni Banka lowered the two-week repurchase rate a quarter-point from 1.75 percent. It was the fifth reduction since June 2008, when the [...]