Czech Republic: No Further Monetary Easing

Politics ♦ Published: September 15, 2013; 22:41 ♦ (Vindobona)

As long there are no risks of deflation, the Czech National Bank will leave the current monetary policy unchanged. Further easing measures are not necessary.

Czech Republic: No Further Monetary Easing / Picture: ©

At the moment, the base rate is already at a technical zero. As further cuts are not possible, the Czech National Bank (CNB) discussed to initiate foreign currency interventions.

Due to the slightly improving economic situation in the Czech Republic, foreign currency interventions will not be needed, though. According to CNB board member Kamil Janacek, there is no danger of…