Czech National Bank
Czech National Bank: No Rate Change But More Dovish Bias
March 25, 2010
The two-week repo rate was left at 1.0% by a 4-2 vote. Unlike a unanimous decision on February 4 to keep policy stable, today’s meeting saw two policymakers dissent in favor of a 25-basis point cut because of a more benign inflation prognosis that envisages a sub-target CPI until March 2011. Consumer prices rose only [...] More
Two-Week Czech Repo Rate of 1.0% Retained
February 4, 2010
The Czech National Bank as expected and by a unanimous 6-0 vote made no changes in monetary policy today. A statement from monetary officials projects headline and policy-relevant consumer price inflation near its 2% target during the coming 1-2 years. After dropping 4.3% last year, real GDP is expected to advance 1.5% this year and [...] More
