The central bank of the Czech Republic cut its benchmark two-week repo rate by 20 basis points to a  record low of 0.05 percent.
    The board of the Czech National Bank (CNB) also cut the Lombard rate, the ceiling for short-term money market rates that is used to provide overnight liquidity to banks, by 50 basis points to 0.25 percent. The discount rate, the floor for short-term money market rates that is used for overnight deposits at the central bank, was cut by … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards