Czech Central Bank

Dovish Czech Central Bank Statement

September 22, 2011

The two-week repo rate was left unchanged at 0.75%, its level since a 25-basis point cut in May 2010.  The decision was expected and reached by unanimous vote.  At the previous two meetings, by contrast, two of the seven policymakers had dissented in favor of a 25-bp rate hike.   From August 2008 through May 2010, […] More

Czech Monetary Policy Unchanged

June 23, 2011

The Czech Central Bank Board reaffirmed the 0.75% level on its key two-week repurchase rate.  Eight reductions from August 2008 to May 2010 totaled 300 basis points.  The last cut from 1.0% to 0.75% in May of last year was the only rate change made in 2010.  Today’s action was universally anticipated.  Current CPI inflation […] More