Close call on Czech rate decision

The Czech National Bank's monetary policy board voted 4-3 in favour of a quarter-point rate hike on Thursday. The increase raises the benchmark two-week repo rate to 3.25%.

The central bank increased the discount rate and Lombard rate by the same amount, to 2.25% and 4.25% respectively.

Uncertainty regarding the central bank's July inflation forecast led to the decision being a close one. The central bank said that factors causing uncertainty were:

· the impact of excise duties and VAT

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: