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MNI BRIEF: Czech National Bank Cuts Rates By 25 Basis Points

Czech National Bank lowers rates as expected.

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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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.