A Surprise From the Czech Central Bank

December 16, 2009

By a narrow 4-3 vote, monetary officials in the Czech Republic voted to reduce the key two-week repo rate and the Lombard rate each by 25 basis points to 1.0% and 2.0%, respectively.  Most analysts were not anticipating a further ease in light of higher-than-expected November CPI results that swung the on-year inflation rate from […] More