PRAGUE, March 10 (Reuters) - The Czech National Bank
(CNB) can lower the countercyclical buffer rate set for banks if
geopolitical and cyclical uncertainties decrease, the central
bank said on Friday.
"Should these uncertainties decrease, the CNB is ready to
start gradually lowering the countercyclical capital buffer rate
if it concludes that the size of the cyclical credit risks in
banks' balance sheets covered by the countercyclical capital
buffer rate is decreasing," the central bank said.
On Thursday, the central bank decided to leave the extra
buffer rate for banks, applied in periods of excessive lending
growth, at 2.50%. The rate rose to 2.00% at the start of the
year and is set to increase to 2.50% from April, based on past
decisions.
(Reporting by Robert Muller; Editing by Alex Richardson)
robert.muller.thomsonreuters.com@reuters.net))
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