Czech cbank united on rates,sees stability for now

29.03.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, March 29 (Reuters) - All six members of the Czech central bank (CNB) policy board present at Thursday's monthly meeting voted in...

...favour of holding interest rates steady for the sixth month running, Governor Zdenek Tuma said.

He added the board expected stable rates for the next few months with the forecast assuming a rise in interest rates on the horizon in a few months time.

The CNB's main two-week repo rate was held at 2.50 percent , following 75 basis points worth of hikes between October 2005 and September 2006.

The bank said risks its inflation outlook were balanced.

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