Czech National Bank holds rates
Sub-2% inflation does not warrant policy loosening, central bank says
The Czech National Bank (CNB) announced on February 5 that it was continuing to hold rates.
In a statement, the CNB’s board said its policy rate, the two-week repurchase rate, would remain at 3.5% – the level it has been since the last 25bp cut on May 7, 2025.
“Today’s decision aims to keep headline inflation stabilised close to the 2% inflation target even after the temporary factors that are lowering it this year dissipate,” the bank wrote. It added that it was currently forecasting average
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