Czech National Bank leaves interest rates untouched

The Czech National Bank left interest rates unchanged on Wednesday, in a move which was widely predicted. This means that the overnight discount rate for commercial bank loans will stay at 3.75 percent. The national bank last raised interest rates at the beginning of last month. Despite a 1.25 percent rise in interest rates in the last year, the Czech Republic still has the lowest rate of interest in the entire European Union.

Author: Rosie Johnston