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Czech National Bank ups two-week repo rate to 0.75%, Lombard to 1.5%
By Wendy Van Sickle
Columbus, Ohio, Feb. 1 – Czech National Bank said its board decided on Thursday to raise the two-week repo rate by 25 basis points to 0.75% and the Lombard rate by 50 bps to 1.5%.
Meanwhile the board kept the discount rate of 0.05%.
The new rates take effect on Friday.
The board raised the two-week repo rate by 25 bps to 0.50% and the Lombard rate by 50 bps to 1% in November.
The board left all three rates unchanged when it met on Dec. 21.
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