Czech Central Bank Keeps Rates Unchanged

The Czech National Bank on Thursday decided to retain its key interest rate at a record low.

The board left the two-week repo rate unchanged at 0.75 percent, in line with economists' expectations. The central bank has held the rate steady since May 2010. The discount rate was maintained at 0.25 percent and the lombard rate at 1.75 percent.

According to the latest data, inflation in the Czech Republic rose to 3.8 percent in March from 3.7 percent.

The central bank targets headline inflation at 2 percent. The CNB strives to ensure that actual inflation does not differ from the target by more than one percentage point in either direction.

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