Tuma defends CNB's independence

Czech National Bank Governor Zdenek Tuma on Wednesday 1 September defended the central bank's independence and rejected public comments by government officials arguing against a recent increase in interest rates.

The CNB raised rates 25 basis points at its monthly policy-board meeting on Thursday 2 September, citing as its main reason the country's expanding economy.

The key two-week repurchase rate was raised to 2.50%, and the discount and Lombard rates are at 1.50% and 3.50%, respectively.

In

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: