MNI BRIEF: CNB Pauses Easing Cycle As Expected
Dec-19 13:45By: Luke Heighton
Czech National Bank+ 1
The Czech National Bank left interest rates unchanged on Thursday, with the key two-week repo rate at 4%, the discount rate at 3% and the Lombard rate at 5%. (See MNI EM CNB WATCH: Policy Hold Seen, Cuts To Start In Q1 2025)
The decision comes after November's 25-basis-point cut. With inflation nudging higher, Bank Board members had signalled that a pause was likely imminent. (See MNI EM INTERVIEW: Czech National Bank May Hold In Dec-Zamrazilova)
A press conference is scheduled for 3.45pm CET.
