Mar 26
Czech Republic: CNB keeps interest rates on hold
The Czech central bank (CNB) left interest rates unchanged at its monetary setting meeting today, leaving the key policy rate at 1.75%. The decision was widely expected and therefore should not come as a surprise to the market with the Czech koruna and yields moving only moderately on the back of the announcement. Despite the sharp drop in Czech economic activity supporting further loosening of monetary policy, the Czech central bank has made it very clear through several verbal interventions
