{"id":30524,"date":"2012-06-28T10:41:00","date_gmt":"2012-06-28T14:41:00","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/06\/czech-central-bank-cuts-interest-rate-to-record-0-5\/"},"modified":"2012-06-28T10:41:00","modified_gmt":"2012-06-28T14:41:00","slug":"czech-central-bank-cuts-interest-rate-to-record-0-5","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/06\/28\/czech-central-bank-cuts-interest-rate-to-record-0-5\/","title":{"rendered":"Czech central bank cuts interest rate to record 0.5%"},"content":{"rendered":"<p>By Central Bank News<br \/>\n<span><\/span><\/p>\n<div><span><span>&nbsp; The Czech central bank has cut its key policy rate by 25 basis points to a record low of 0.50 percent, as widely expected, the bank said in a statement.<\/span><\/span><\/div>\n<div><span><span>&nbsp; &nbsp; The two-week repo rate was cut to 0.5 percent and the Lombard rate, a ceiling for short-term rates, was also cut by 25 basis points to 1.5 percent. The discount rate remains unchanged at 0.25 percent, the bank said, referring to rules that still use a multiple of the discount rate as basis for calculating penalties.<\/span><\/span><\/div>\n<div><span><span>&nbsp; &nbsp; &#8220;From the perspective of the spirit of the law the CNB deemed it justified to keep the sanction amounts above zero in such cases,&#8221; the bank said.<\/span><\/span><\/div>\n<div><span><span><\/span><span>&nbsp; &nbsp; The Ceska Narodni Banka last eased monetary policy on 6 May 2010, when it lowered the repo rate by 25 basis points to 0.75 %.<\/span><span><\/span><span>he history of settings of main instruments of monetary policy and Bank Board minutes available at<\/span><span><\/span><span>two-week repo tenders.<\/span><\/span><\/div>\n<div><span><span>&nbsp; &nbsp; The reasoning behind the bank&#8217;s decision would be published later, the bank said.<\/span><\/span><\/div>\n<div>\n<div><span><span>www.CentralBankNews.info<\/span><\/span><\/div>\n<div><span><span><br \/><\/span><\/span><\/div>\n<p><span><span><br \/><\/span><\/span><\/p>\n<div><span><span><br \/><\/span><\/span><\/div>\n<div><span><span><br \/><\/span><\/span><\/div>\n<\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-3687256337228485678?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Central Bank News &nbsp; The Czech central bank has cut its key policy rate by 25 basis points to a record low of 0.50 percent, as widely expected, the bank said in a statement. &nbsp; &nbsp; The two-week repo rate was cut to 0.5 percent and the Lombard rate, a ceiling for short-term rates, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/06\/28\/czech-central-bank-cuts-interest-rate-to-record-0-5\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Czech central bank cuts interest rate to record 0.5%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-30524","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/30524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=30524"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/30524\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=30524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=30524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=30524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}