trending Market Intelligence /marketintelligence/en/news-insights/trending/41qahxyqhrqg8jq2iipidw2 content esgSubNav
In This List

Czech central bank maintains key rates

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


Czech central bank maintains key rates

The central bank of the Czech Republic said March 29 that it would maintain its key rates, following discussions on the pace of additional normalization of monetary policy.

The board of the Ceská národní banka kept its two-week repo rate, the discount rate and the Lombard rate at 0.75%, 0.05% and 1.50%, respectively.

The two-week repo rate has been increased three times since August 2017.

Inflation has continued to fall since October 2017, dropping to 1.8% in February, below the Czech central bank's target of 2%. Moreover, the economy expanded by 5.2% year over year in the 2017 fourth quarter, according to Reuters.

Central bank Governor Jiri Rusnok reportedly said that the next rate hike may also come sooner if the crown appreciates more slowly than forecast by the central bank.