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Czech Republic: CNB Fights Against Recession
People ♦
Published: March 4, 2013; 14:34 ♦ (Vindobona)
As the interest rate was cut to a technical zero, the Czech National Bank considers intervening against the crown.
Czech Republic: CNB Fights Against Recession / Picture: © Vindobona.org
In the second half of 2012, CNB has lowered the base rate gradually down to 0.25%. In the medium term, the interest rate will be kept at that record low. As reported by Vindobona, the Council of the CNB has held its last meeting in February.
By contrast, the interest cuts may prove insufficient. As a result, CNB´s governor Miroslav Singer explains that CNB may intervene against…
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