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Czech Central Bank Keeps Interest Rates, FX Regime Unchanged

CNB

The Czech National Bank kept interest rates unchanged and maintained its commitment to prevent excessive fluctuations of the Koruna exchange rate.

  • "The two-week repo rate (2W repo rate) thus remains at 7%, the discount rate at 6% and the Lombard rate at 8%."
  • The stand-pat decision was predicted by all economists polled by Bloomberg and fully priced by financial markets.
  • Governor Ales Michl will hold a press conference in the CNB headquarters at 14:45BST/15:45CEST.

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