Sponsored Content
Czech National Bank Starts Currency Interventions
Politics ♦
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: © Vindobona.org
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…
or Log In
Fast News Search