Czech c.bank holds rates flat after hiking in May

28.06.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, June 28 (Reuters) - The Czech central bank (CNB) left interest rates unchanged on Thursday, taking a pause after a quarter of a...

...percentage point rise in May to contain budding inflation pressures in the rapidly growing economy.

Policymakers left the two-week repo rate at 2.75 percent , the lowest level in the European Union, matching widespread market expectations they will wait for a July update of inflation projections before possibly tightening further.

The CNB called a news conference for 3:30 p.m. (1330 GMT) to elaborate on the decision to leave the main rate at its highest in more than four years, but still a record 125 basis points below the euro zone equivalent.

Profiles of CNB board members: [ID:nL28883806]

Board members recent remarks on policy: [ID:nL28700042]

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Články ze sekce: Zpravodajství ČTK