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Vice governor: Central bank can avoid cuts, keep other tools locked away

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The Czech National Bank does not need to adjust its monetary policy at the moment as its previous disinflation concerns have abated, Vice Governor Tomas Nidetzky said. The Czech central bank slashed its main interest rate by 200 basis points in three steps this spring to support the economy, which was hit by the new coronavirus pandemic and measures to curb it.

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