Czech central bank raises rates by majority vote

The Czech National Bank

A majority of the Czech National Bank’s board voted to tighten monetary policy on June 23 in a bid to tame higher inflation.

The seven-member body decided to increase the two-week repo rate by 25 basis points to 0.50%. Three board members dissented from the majority and two voted to maintain rates unchanged at 0.25%. One member voted to increase rates by 50bp.

It also increased the Lombard rate by 25bp to 1.25%, and maintained the discount rate unchanged at 0.05%. The new rates came into

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: