CNB Bank Board leaves interest rates unchanged

The Bank Board of the Czech National Bank, which Dec 21 2000 discussed the 12th status report on monetary and economic development, made no changes in the interest rates, spokesman Milan Tomanek told reporters after the session. The repo rate thus remained at 5.25 pct.

Economists did not expect a toughening of monetary policy, though. Nov 2000 inflation figures and Dec 21 results of Czech foreign trade have made them revise their expectations that monetary policy will be toughened in the first