November 07, 2024 13:54 GMT
MNI BRIEF: CNB Lowers Two-Week Repo Rate 25 bps to 4.00%
Czech National Bank cuts key interest rates by quarter point.
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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).
A press conference with Governor Ales Michl, when new macroeconomic projections will be presented, is schedule for 3.45pm local time.
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