Central bank keeps interest rate at one percent

In related news, the Czech National Bank on Thursday decided to keep the key interest rate at a record low 1 percent. Analysts believe that among the main reasons behind the central bank’s decision is the weak growth of the Czech economy and a low risk of inflation.

Most experts do not expect the bank to lower the interest rates any further. They believe the rates will rise, with the only question being when it will happen. The Czech National Bank lowered the key interest rate to the historic low last December.

Author: Jan Richter