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MNI BRIEF: CNB Pauses Easing Cycle As Expected

Czech National Bank decides on interest rates.
EM BriefCzech RepublicEM Central Bank NewsStoryCentral and Eastern EuropeCzech National BankEM Policy News

MNI (LONDON) - The Czech National Bank left interest rates unchanged on Thursday, with the key two-week repo rate at 4%, the discount rate at 3% and the Lombard rate at 5%. (See MNI EM CNBWATCH: Policy Hold Seen, Cuts To Start In Q1 2025)

The decision comes after November's 25-basis-point cut. With inflation nudging higher, Bank Board members had signalled that a pause was likely imminent. (See MNI EM INTERVIEW: Czech National Bank May Hold In Dec-Zamrazilova)

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MNI (LONDON) - The Czech National Bank left interest rates unchanged on Thursday, with the key two-week repo rate at 4%, the discount rate at 3% and the Lombard rate at 5%. (See MNI EM CNBWATCH: Policy Hold Seen, Cuts To Start In Q1 2025)

The decision comes after November's 25-basis-point cut. With inflation nudging higher, Bank Board members had signalled that a pause was likely imminent. (See MNI EM INTERVIEW: Czech National Bank May Hold In Dec-Zamrazilova)

Keep reading...Show less