Czech Central Bank Unexpectedly Keeps Key Rate Stable

admin — Fri, 26 Jun 2009 21:08:52 +0000

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 last month, Ceska Narodni Banka said. Risks to inflation are “balanced,” and chances of a significantly deeper-than-projected economic slump are waning, Governor Zdenek Tuma said. Read more…

Czech Central Bank Reduces Key Rate to Record 1.5%

admin — Thu, 07 May 2009 14:37:00 +0000

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 rate was 3.75 percent. In a Bloomberg survey, 12 economists expected no change, while 8 forecast the move. Read more about the Czech central bank…

Currency Newswire » Czech Central Bank

Czech Central Bank Unexpectedly Keeps Key Rate Stable

Czech Central Bank Reduces Key Rate to Record 1.5%