TITLE

Rates Still On Hold

PUB. DATE
March 2007
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Mar2007, Vol. 14 Issue 3, p7
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article offers an economic outlook for Czech Republic for 2007. The Czech National Bank (CNB) has decided to keep repurchase agreement rates on hold for the fourth month in a row. CNB governor Zdenek Tuma said that he does not expect any further hikes in the immediate future. It was predicted that the CNB will hike interest by 25 basis points during the second half of 2007 because of economic expansion and to reduce the potential for using the koruna as a funding currency for carry trade.
ACCESSION #
24236677

 

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