Czech National Bank Eases by 25 Basis points
May 7, 2009
The Czech key two-week repo rate has been cut by an as-expected 25 basis points to 1.5%. The discount rate and Lombard rate were also reduced by 25 bps to 0.5% and 2.5%. This was the central bank’s fifth rate cut of this cycle. Earlier easings amounted to 50 basis points on February 6 and December 18, a cut of 75 basis points last November 7, and an initial 25-bp move last August 8th.
Copyright 2009 Larry Greenberg.
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