Czech central bank keeps interest rates at record low

26-09-2013

The Czech National Bank on Thursday kept its key interest rate at a record low of 0.05 percent. The bank last changed the 2-week repo rate in November, lowering it by 20 basic points to the current value. Analysts believe the central bank will keep the rate unchanged until the end of next year. The bank on Thursday made no decision on launching a currency intervention to lower the value of the Czech crown; however, the bank’s governor, Miroslav Singer said the move was very likely to happen in the future.