Czech cbank unanimous in holding interest rates

...Thursday, with risks to its quarterly inflation forecast seen as balanced.

CNB Governor Zdenek Tuma told a news conference that no other proposal other than keeping rates steady was discussed at the monthly policy meeting. The decision was in line with market expectations.

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.