Czech National Bank

November 3, 2016

The CNB Board meeting concluded with an announcement of unchanged policy. The two week repo rate has been at 0.05% since November 2012. A cap since November 2013 preventing the koruna from appreciating beyond 27 per euro has been utilized as an extra tool of monetary policy enforced by intervention, and such will be maintained until mid-2017. Czech inflation has begun to rise but remains well below the 2% target. Such will climb somewhat above that pace at some point in 2017 but return to the goal during 2018.

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

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