Czech National Bank Policy Left the Same

June 30, 2016

The decision to leave Czech monetary policy settings had been expected.  The two-week repo rate has been 0.05%, effectively zero in functionality terms, since November 2012, and an asymmetric intervention-enforced foreign exchange cap on koruna strength at 27 per dollar was imposed as an extra tool one year later.  Officials released this brief statement.

Copyright 2016, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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