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The Czech central bank (CNB) held interest rates flat for the second consecutive month on Thursday, meeting market expectations that the record strength of the crown had reduced the urgency of a tightening of policy.
The CNB board kept the main two-week policy repo rate at a five-year high of 3.25 percent, after 150 basis points worth of hikes between October 2005 and August 2007 aimed at containing price pressures in the booming economy.
A news conference was scheduled for 1330 GMT.
[PRAGUE/Reuters/Finance.cz]