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MNI WATCH: CNB Keeps 50Bp Easing Pace, Signals Easing Slowdown

(MNI) LONDON
Latest half-point move leaves key 2W repo rate at 4.75%

The Czech National Bank lowered key rates by 50 basis points on Thursday, but said the pace of moderation of policy restriction would slow or stop in the second half of the year.

Interest rates remain significantly positive in real terms and are dampening inflation, the CNB said in a statement, after leaving its two-week repo rate at 4.75%, the discount rate at 3.75% and the Lombard rate at 5.75%, 

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The Czech National Bank lowered key rates by 50 basis points on Thursday, but said the pace of moderation of policy restriction would slow or stop in the second half of the year.

Interest rates remain significantly positive in real terms and are dampening inflation, the CNB said in a statement, after leaving its two-week repo rate at 4.75%, the discount rate at 3.75% and the Lombard rate at 5.75%, 

Keep reading...Show less