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Czech National Bank Expects More Interest Rate Cuts
Politics ♦
Published: September 27, 2012; 19:31 ♦ (Vindobona)
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The governor of the Czech National Bank Miroslav Singer explained that the monetary easing program will continue.
Czech National Bank Expects More Interest Rate Cuts / Picture: © Vindobona.org
According to Singer, the Czech interest rate may even decline to zero. Even foreign exchange interventions are not excluded anymore.
After the two-week repurchase agreement rate was cut to 0.25%, further measures may follow. In order to help the country to leave the recession behind, the national currency may be weakened.
Unlike the Polish National Bank or the Hungarian…
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