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MNI BRIEF: CNB Lowers Two-Week Repo Rate 25 bps to 4.00%

Czech National Bank cuts key interest rates by quarter point.

MNI (LONDON) - The Czech National Bank cut interest rates by 25bps on Thursday, to leave the key two-week repo rate at 4.00%. 

The move was widely expected, with little chance of a larger move seen. However one Bank Board member had raised the prospect of a pause in the easing cycle ahead of the November meeting. (See MNI EM CNBWATCH: 25bp Cut To 4.00% Seen, Fresh Projections Due).

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MNI (LONDON) - The Czech National Bank cut interest rates by 25bps on Thursday, to leave the key two-week repo rate at 4.00%. 

The move was widely expected, with little chance of a larger move seen. However one Bank Board member had raised the prospect of a pause in the easing cycle ahead of the November meeting. (See MNI EM CNBWATCH: 25bp Cut To 4.00% Seen, Fresh Projections Due).

Keep reading...Show less