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Czech Republic: Interest Rate Remains Unchanged
Politics ♦
Published: December 19, 2012; 22:07 ♦ (Vindobona)
The council of CNB (Czech National Bank) decided to let the interest rate at 0.05%.
Czech Republic: Interest Rate Remains Unchanged / Picture: © Czech National Bank
CNB lets the base rate unchanged at the record low of 0.05%. According to economists, the expansive monetary policy will be retained in 2013. Until now, the Czech economy did not show any signs of recovery. Not only the consumers are cautious, but also the industrial sector cut investments. Moreover, the Czech government continues its austerity course as the government aims to prevent a…
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