Czech National Bank board holds steady on two-week repo rate at ¾%

By Susanna Moon

Chicago, March 24 - Czech National Bank said its bank board decided to keep interest rates unchanged at its meeting on Thursday with the two-week repo rate at ¾%.

The discount rate was maintained at ¼% and the Lombard rate at 1¾%.

The bank said on Feb. 11 that a majority of its board voted to keep the two-week repo rate unchanged at ¾% during a Feb. 3 meeting as forecasts showed modest recovery and stable inflation close to the 2% target on the domestic front.

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