September 25, 2024 12:38 GMT
MNI BRIEF: Czech National Bank Cuts Rates By 25 Basis Points
Czech National Bank lowers rates as expected.
Czech National BankCzech RepublicCentral and Eastern EuropeEM Policy NewsEM BriefEM Central Bank NewsGlobalStoryRegion
MNI (LONDON) - The Czech National Bank lowered interest rates by 25 basis points on Wednesday, taking the 2W repo rate to 4.25%, the discount rate to 3.25% and the Lombard rate to 5.25% as expected. (See MNI EM CNB WATCH: 25bps Cut Seen As Fine-Tuning Continues)
A press conference attended by Governor Ales Michl is scheduled for 3.45 p.m local time.
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