Czech cbank holds rates flat for 5th month running

...market expectations that benign price pressures require no urgent policy tightening.

The key two-week repo rate was held at 2.50 percent, the lowest level in the European Union, following 75 basis points worth of tightening between October 2005 and September 2006 to prevent robust growth from sparking an inflation revival.

The central bank made no further comment from the policy meeting. A news conference is scheduled for 3:30 p.m. (1430 GMT).