Czech National Bank

November 5, 2015

Central bank officials decided to keep their stimulative monetary policy unchanged at the latest review and released a statement that rehashes the two elements of the stance.  The two-week repo rate has been at 0.05%, a virtual zero interest rate stance, since November 2012.  Since November 2013, moreover, intervention has been used to prevent the koruna from appreciating beyond 27 per euro.  This currency commitment remains asymmetric.  There’s no problem if the currency becomes weaker than 27/EUR.

Copyright 2015, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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