Czech Republic

No Change Either in Czech Central Bank Rate

November 4, 2010

In a day that already saw central banks in Hong Kong, Indonesia, Britain, and the Euroland leave key interest rates and other policy settings unchanged, the Czech National Bank kept its two-week repo rate at 0.75%, matching what analysts anticipated.  In a 5-1 decision, one dissent in favor of a 25-basis point hike was cast, […] More

Czech Two-Week Repo Rate Left Steady at Record Low 0.75%

August 5, 2010

The Czech National Bank became the third European central bank today to announce no change in its key interest rate.  The decision was expected.  A report from policymakers implies that no rate increase will occur this year and suggests that the status quo may be maintained in the first half of 2011 as well.  From August […] More

Czech National Bank Leaves Interest Rates Unchanged

June 23, 2010

As expected and following an unexpected easing on May 7 of 25 basis points, the CNB retained a 0.75% target for its two-week repo, flanked by a discount rate of 0.25% and a Lombard Rate of 1.75%.  The vote to ease in May had been split 4-2 and was the first change of any sort […] More

First Czech Interest Rate Cut Since December

May 6, 2010

The Czech National Bank two-week repo rate was sliced for the first time in five months by 25 basis points to 0.75%.  Many analysts thought the risk of Greek contagion would have deterred such a move.  The Czech budget and external deficits are running this year at 5-6% and around 2% of GDP, respectively.  Seven […] More