Czech National Bank: No Change

December 21, 2011

The two-week Czech repo rate, 0.75% since May 2010, has been left unchanged after the final policy meeting of 2011.  The result was as expected.  A statement on the central bank web site speaks of both upwardly skewed risks to inflation and market interest rates and intensifying risks toward lower economic activity and a depreciating koruna.  On-year inflation and GDP growth stand at 2.5% and 1.2%. 

Copyright 2011, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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