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Czech National Bank Starts Currency Interventions

Published: November 8, 2013; 19:25 · (Vindobona)

In order to stop the recession in the Czech Republic, CNB eases monetary policy further.

Czech National Bank Starts Currency Interventions / Picture: © Flickr

Today, the CNB announced to launch direct currency interventions. The CNB Bank Board decided at its meeting today to keep interest rates unchanged. The two-week repo rate was maintained at 0.05%, the discount rate at 0.05% and the Lombard rate at 0.25%. As the reference rate is already at a record low, there is no downside potential anymore. As a result, weakening the Czech koruna is…

This article includes a total of 269 words.

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