The Czech National Bank (CNB) Board kept its interest rates unchanged at its meeting held on March 28 as expected. A hike in May, when the new forecast is to be presented, still remains a possibility if the data stabilizes and Czech crown remains weak. The two-week repo rate remains at 1.75%, the discount rate at 0.75% ...
The Czech central bank’s governing board voted 5-2 in favour of a 25 basis point interest rate hike on Thursday, the bank said. One of the dissenters voted for a 50 basis point hike, and one voted for no change in policy settings, the bank said in a presentation. It said the board saw ...
The Czech central bank has room to further raise interest rates due to inflationary pressures and prolonged crown weakness, bank board member Tomas Nidetzky was quoted as saying on Wednesday. Nidetzky did not say in an interview with Bloomberg news agency how he would vote at the bank’s next policy meeting on Nov. 1. ...
Prague, Aug 2 (CTK) – The Czech National Bank (CNB) in its new forecast worsened a GDP growth estimate for 2018 to 3.2 percent from its May prediction of 3.9 percent, and for next year its estimate stayed at 3.4 percent, CNB governor Jiri Rusnok told journalists after the governing board’s meeting. For 2020, ...
Prague, Aug 2 (CTK) – The Czech National Bank (CNB) Bank Board raised interest rates today, the basic rate grew by 0.25 percentage point to 1.25 percent, the board decided unanimously on the rate hike, CNB governor Jiri Rusnok said at today’s press conference. Six out of the seven central bankers attended the policy ...
Prague, May 3 (CTK) – The Bank Board of the Czech National Bank (CNB) left interest rates unchanged today, and the basic rate stayed at 0.75 percent, CNB spokesman Marek Zeman has said. At a press conference after the policy meeting, CNB governor Jiri Rusnok said that six out of seven Bank Board members ...
Prague, May 1 (CTK) – The Bank Board of the Czech National Bank (CNB) will leave interest rates unchanged at its Thursday meeting because of inflation development, analysts approached by CTK have said. Inflation was below the central bank’s estimates in recent months. That is why interest rates will go up in the second ...
Prague, March 29 (CTK) – Interest rates cannot be expected to increase again sooner than at the end of 2018 after their February hike, growing mainly in 2019, based on the Czech National Bank’s (CNB) forecast, central bank governor Jiri Rusnok said at today’s press conference after the CNB Bank Board meeting. The CNB ...
Prague, March 18 (CTK) – Next year may see a slowdown in wage growth in the Czech Republic, and an ideal option would be if wages grew at a similar rate as the country’s real gross domestic product (GDP), that is at some 4 percent, Czech National Bank (CNB) governor Jiri Rusnok said today. ...
Arshiya Jahanpour
Arshiya Jahanpour
