Czech c.bank unanimous in holding rates steady

20.12.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Czech central bank's (CNB) board voted 7-0 to hold interest rates unchanged at Wednesday's monthly policy meeting, the bank said in...

...a statement.

It added that risks to the October quarterly inflation forecast, the key driver for monetary policy, were anti-inflationary.

The main uncertainties to the forecast are the latest inflation data, a new outlook for indirect tax changes, the risk of a strong crown currency versus the euro, a weak U.S. dollar, and market expectations of lower oil prices, the bank said.

The key two-week repo rate stands 2.5 percent. No rate change was expected at the Wednesday meeting.

[PRAGUE/Reuters/Finance.cz]

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