Czech interest rate cut

First Czech Rate Cut in 25 Months

June 28, 2012

By a narrow 4-3 split vote, the Policy Board of the Czech National Bank voted to cut the two-week repo rate to 0.50% from 0.75% and the Czech Lombard Rate to 1.50% from 1.75%.  The decision was expected.  A released statement expects consumer price inflation to remain above the 1-3% target range until next year […] More