Czech National Bank Cuts 2-Week Repo Rate

May 7, 2020

The Czech National Banks two-week repo rate was slashed by a greater-than-forecast 75 basis points to 0.25%. The Lombard rate has been lowered to 1.0%, and the deposit rate will stay at 0.05%. In spite of a 25-basis point hike of the repo rate announced February 6, the key rate is now 175 basis points lower than its end-2019 level. Two cuts during March had totaled 125 basis points in size.

Copyright 2020, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



Comments are closed.