Czech central bank holds rates as markets gauge outlook for cuts

Kitco Media
By Reuters
Published:
Updated:
Reuters
PRAGUE, March 29 (Reuters) - The Czech National Bank kept its key policy interest rate unchanged at a more-than-two-decade high of 7.00% on Wednesday, as double-digit inflation edged past a peak and markets speculated on how soon rate cuts may come. The decision was in line with a Reuters poll , which sees rate cuts most likely starting in the second half of the year, although analysts predicted a slowing pace of easing this year following recent turmoil in global banking. (Reporting by Jan Lopatka and Robert Muller)

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