Czechs Halt Rate Cuts Again as Defense Plans Add to Price Risks

The Bank of the Czech National Bank (CNB) has again suspended monetary policy easing and decided at Wednesday's meeting to leave the base interest rate, from which interest on deposits and loans are deducted, at 3.75 percent. The base interest rate reached this level at the beginning of February, before which the CNB also took a break and the rate remained at four percent for three months.

Czechs Halt Rate Cuts Again as Defense Plans Add to Price Risks

Czech policymakers paused monetary easing for the second time in the past three months as domestic inflation risks persist, while global trade and geopolitical tensions cloud the economic outlook.

Czech National Bank Halts Rate: A Warning Sign for the Economy? - Coin Surges

The post Czech National Bank Halts Rate: A Warning Sign for the Economy? appeared first on Coinpedia Fintech News The Czech National Bank (CNB) has decided to keep interest rates steady at 3.75%, marking the second pause in its easing cycle over the past three months. This cautious move comes as inflation risks remain high, and global economic uncertainty continues to grow. CNB Slows Rate Cuts Amid Risks After cutting rates aggressively last yea…

Current interest rates are the lowest since January 2022

The Czech National Bank (ČNB) did not change its key interest rates at its March meeting. She pointed to heightened inflationary risks and global economic uncertainty. This is reported by the portals tradingeconomics and idnes.cz. CNB on Wednesday kept its two-week repo rate at 3.75 percent after cutting it 25 basis points in February. Analysts expected such a decision. The discount rate remained at 2.75 percent and the pawnshop rate at 4.75 per…

The Czech National Bank did not surprise the markets at its meeting on Wednesday and is taking a break from cutting interest rates. The base interest rate remains unchanged at 3.75 percent.