Czech c.bank ups rates by 25 bps as mkts expected

26.07.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, July 26 (Reuters) - The Czech central bank (CNB) raised interest rates by 25 basis points on Thursday, meeting widespread market...

...expectations it will deliver a second hike in three months to confront a weaker crown and resurgent inflation. Policymakers raised the main two-week policy repo rate to 3.00 percent , its highest level in almost five years, following a similar quarter point hike in May.

CNB Governor Zdenek Tuma called a news conference for 3:30 p.m. (1330 GMT) to elaborate on the decision.

Board members' recent remarks on policy: [ID:nL26743022]

Profiles of CNB board members: [ID:nL28883806]

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