Czech cbank cuts inflation fcast, leaves rates

The Czech central bank board, in the face of weaker price pressures, discussed the possibility of a rate cut at its regular weekly board meeting on Jan. 25 but left rates unchanged, vice-Governor Ludek Niedermayer said. Monetary department chief Ales Capek also told a news conference that the CNB had cut its end 2001 net inflation forecast to 2.5 percent from a previous 2.8 percent, year-on-year, and the end 2001 headline inflation target range to 3.6-4.8 percent from 3.8-5.1 percent. Net inf

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