Czech Central Bank Sees Low Rates ‘over Longer Horizon’
The Czech National Bank (CNB), which earlier today cut its benchmark repo rate to a record low 0.05 percent, said it reduced the rate because inflation is expected to remain below the bank’s target through the second quarter of 2014 and it expects to keep rates at this level for a long time. [...]
The Czech National Bank (CNB), which earlier today cut its benchmark repo rate to a record low 0.05 percent, said it reduced the rate because inflation is expected to remain below the bank’s target through the second quarter of 2014 and it expects to keep rates at this level for a long time.
In a statement, the CNB also cut its economic growth forecasts for next year and 2014.
”The rates will remain at this level over a longer horizon until … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards