August 01, 2024 13:25 GMT
MNI BRIEF: CNB Cuts 2W Repo Rate By 25Bps To 4.5%
Czech National Bank Board met Thursday
MNI (LONDON) - The Czech National Bank cut rates by 25bps on Thursday, leaving the key two-week repo at 4.50%, the Lombard rate at 5.5% and the discount rate at 3.5%. The move, which was widely expected, confirms the bank has entered the 'fine-tuning' phase of the easing cycle. (See MNI EM CNB WATCH: Fine-Tuning Set To Start, But 50Bps 'In Play')
A press conference will be held at 2.45pm UK/3.45pm local time.
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