Czech monetary policy

Czech National Bank

December 17, 2014

Monetary policy was not changed further at this month’s meeting of the CNB Board.  The last cut of the two-week repo rate, a 20-basis point reduction from 0.25% to 0.05%, was enacted in November 2013.  A year after that, monetary stimulus was enhanced when a one-sided 27 koruna per euro target was imposed.  With the […] More

Czech National Bank

September 26, 2013

The Czech two-week repo rate was kept at 0.05% where such has been since a 20-basis point cut in November 2012.  This is a virtual zero interest rate policy, yet inflation (1.3% from a year ago) and real GDP growth (-1.3% year-over-year) remain low.  The monetary policy bias remains one of ease, but this can […] More

Czech National Bank Eases

September 27, 2012

By a vote of five to two, monetary policy makers approved a halving of the two-week repo rate to 0.25%.  The previous reduction in June also followed a split vote by the Board, that time of 4-3.  The dissenters did not want to cut. Headline inflation will likely be slightly above the 1-3% target range […] More