{"id":24964,"date":"2011-11-04T15:24:00","date_gmt":"2011-11-04T19:24:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2011\/11\/04\/czech-national-bank-maintains-rate-at-0-75\/"},"modified":"2011-11-04T15:24:00","modified_gmt":"2011-11-04T19:24:00","slug":"czech-national-bank-maintains-rate-at-0-75","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/11\/04\/czech-national-bank-maintains-rate-at-0-75\/","title":{"rendered":"Czech National Bank Maintains Rate at 0.75%"},"content":{"rendered":"<p><span>The&nbsp;<a href=\"http:\/\/www.cnb.cz\/en\/index.html\" target=\"_blank\">Ceska Narodni Banka<\/a>&nbsp;held the two-week repurchase rate at 0.75% as expected, and kept the discount rate unchanged at 0.25% and Lombard rate at 1.75%. &nbsp;The Bank said: &#8220;As regards the reasons for the decision, monetary-policy relevant inflation is slightly below the inflation target over the entire forecast horizon. Even headline inflation, which, as you know, is subject to an escape clause, and which, I assume you also know, will rise because of a VAT increase in 2012, will stay within the interval, i.e. it will remain below 3% and will, in our view, fall below the target in our opinion in early 2013. Consistent with the forecast is a slight decline in market interest rates and flat rates until late 2012\/early 2013.&#8221;<\/span><br \/><a name='more'><\/a><span><br \/>The Czech central bank also kept the&nbsp;repurchase&nbsp;<\/span><a href=\"http:\/\/www.centralbanknews.info\/2011\/09\/czech-national-bank-keeps-repo-rate-at.html\">rate&nbsp;unchanged<\/a><span>&nbsp;at its September meeting this year; its last change was a 25 basis point cut in May 2010. &nbsp;The Czech Republic reported annual inflation of 1.8% in September, compared to 1.7% in August and July, 1.8% in June, 2% in May, 1.6% in April, and 1.7% in March this year, and within the Bank&#8217;s official inflation target of 2%. &nbsp;<\/span><\/p>\n<div><span><br \/>The Czech economy expanded 0.1% in Q2 (0.9% in Q1) this year, placing annual GDP growth at 2.2% (2.8% in Q1). &nbsp;The Czech Republic&#8217;s currency, the Koruna (CZK) has gained about 3% against the US dollar this year, and the USDCZK exchange rate last traded around 18.14<\/span><br \/><span><\/span><\/p>\n<div><a href=\"http:\/\/www.centralbanknews.info\/\" target=\"_blank\">www.CentralBankNews.info<\/a><\/div>\n<p><span> <\/span><\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-8777382276402555062?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Ceska Narodni Banka&nbsp;held the two-week repurchase rate at 0.75% as expected, and kept the discount rate unchanged at 0.25% and Lombard rate at 1.75%. &nbsp;The Bank said: &#8220;As regards the reasons for the decision, monetary-policy relevant inflation is slightly below the inflation target over the entire forecast horizon. Even headline inflation, which, as you know, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/11\/04\/czech-national-bank-maintains-rate-at-0-75\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Czech National Bank Maintains Rate at 0.75%&#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-24964","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/24964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=24964"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/24964\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=24964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=24964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=24964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}