CNB Bank Board leaves interest rates unchanged

The Czech National Bank (CNB) Board made no monetary decisions at its session on Feb. 8, 2001, Pavel Zubek of the CNB's PR department told reporters after the session. The Bank Board left rates unchanged at the last monetary session held two weeks ago as well, although it pondered whether it was necessary to cut rates immediately after it had reduced the net inflation forecast from 2.8 to 2.5 per cent.

Economists expect an increase in interest rates in the second half of the year at the earlie