Central bank leaves interest rates at record low

In related news, the Czech National Bank on Thursday left its benchmark interest rates at record-low 0.75 percent for the 20th month running. All present members of the bank’s board voted to keep the rates unchanged; the central bank’s vice governor, Mojmír Hampl, was not present. Most analysts believe the bank will keep the interest rates unchanged for the rest of the year due to very weak domestic demand, the government’s restrictive fiscal policy and low salary growth.

Author: Jan Richter