Czech central bank holds rates steady, eyes on outlook

Kitco Media
By Reuters
Published:
Updated:
Reuters
PRAGUE, Feb 2 (Reuters) - The Czech National Bank (CNB) left interest rates unchanged at a more than two-decade high on Thursday, as the economy tipped into a mild recession amid persistent double-digit inflation. All analysts in a Reuters poll had expected the bank to hold the key two-week repo rate at 7.00%, where it has sat since June last year following a year-long hiking cycle totalling 675 basis points. (Reporting by Robert Muller and Jan Lopatka; Editing by Jason Hovet and Alex Richardson)

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