Thursday, February 3, 2011

Czech National Bank Holds Rate at 0.75%

The Czech National Bank held the 2-week repo rate at 0.75%, the discount rate at 0.25% and the Lombard rate at 1.75%. The Czech Republic saw inflation of 2.3% in December, the highest since March 2009, which compares to the central bank's target of 2.0%. The Czech National Bank must weigh rising food and energy commodity inflation pressures against still relatively weak aggregate demand in setting monetary policy.


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