Czech Monetary Policy Tightened for Second Time This Year

August 5, 2021

The Czech National Bank today followed up on an initial 25-basis point increase of its two-week repo rate that was done in June. From March to May of last year the rate had been slashed by 150 basis points in three moves. Today’s increase was also by 25 bps and brings the 2-week repo rate to 0.75%. The Lombard rate was raised by 50 bps to 1.75%, but the discount rate was left unchanged at 0.05%.

Copyright 2021, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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