Friday, May 6, 2011

Czech Central Bank Holds Rate at 0.75%

The Ceska Narodni Banka (CNB) kept the two-week repurchase rate unchanged at 0.75% as inflation remained below target.  The Czech Republic reported annual inflation of 1.7% in March this year, up from 1.8% in February, and above the Bank's official inflation target of 2%.  The Bank also maintained the the discount rate unchanged at 0.25% and the Lombard rate at 1.75%.


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