TITLE

No Rate Hikes In 2010

PUB. DATE
June 2010
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Jun2010, Vol. 17 Issue 6, p1
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article forecasts the economic condition of Czech Republic in 2010. It notes that the monetary policy committee (MPC) of the Czech National Bank (CNB) will keep the two-week repo rate at 1.00% through to the end of 2010. It further states that domestic consumption is expected to increase by only 0.5%. Moreover, it mentions that the CNB will be hesitant to add to appreciatory pressures on its monetary unit koruna due to the move of the European Central Bank not to hike rates until 2011.
ACCESSION #
51827523

 

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