Czech Republic: Interest Rates Remain Flat

Politics ♦ Published: August 2, 2013; 19:54 ♦ (Vindobona)

The Czech National Bank (CNB) holds the base rate at its historical low. In the course of 2014, the Czech economy is expected to recover.

Czech Republic: Interest Rates Remain Flat / Picture: © Czech National Bank

The board of CNB resolved to keep the repo rate at 0.05%. This discount rate will remain at 0.05%, the board decided at its meeting. The decision was no surprise as there was no further downside potential. Due to the current recession, an interest increase was excluded anyway.

In 2014, the Czech Republic is expected to return to growth. According to economists,…