The board of the Czech National Bank (CNB) has raised the interest rate for the third time this year. Today, it has announced a raise by 0.75 percentage points to 1.5%. Title photo: ZM / Brno Daily.
Czech Rep., Sep 30, (BD) – “At its meeting today, the CNB Bank Board increased the two-week repo rate (2W repo rate) by 75 basis points to 1.50%. At the same time, it increased the Lombard rate to 2.50% and the discount rate to 0.50%,” the board announced this afternoon.
The main reason for such a steep rise in interest rates is the growing inflation level, which has exceeded the CNB’s expectations. Over the three-year horizon, inflation expectations remain anchored just above the CNB’s 2% target.
https://brnodaily.com/2021/09/30/news/in-brief-czech-national-bank-increases-interest-rate-to-1-5/https://brnodaily.com/wp-content/uploads/2021/09/Ceska-Narodni-Banka-June-27-Zenon-Moreau-Title-photo-ZM-Brno-Daily-1024x682.jpghttps://brnodaily.com/wp-content/uploads/2021/09/Ceska-Narodni-Banka-June-27-Zenon-Moreau-Title-photo-ZM-Brno-Daily-150x100.jpgBD StaffCzech Republic / WorldCzech Republic,EconomyThe board of the Czech National Bank (CNB) has raised the interest rate for the third time this year. Today, it has announced a raise by 0.75 percentage points to 1.5%. Title photo: ZM / Brno Daily.
Czech Rep., Sep 30, (BD) - “At its meeting today, the CNB Bank...BD StaffBD Staffteam@brnodaily.czAdministratorBrno Daily - English News and Events in Brno.Brno Daily