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
