Czech National Bank (CNB) board decided on its session on August 4, 2016, to keep the interest rates unchanged. The two-week repo rate stays at 0.05%, the discount rate at 0.05% and the Lombard date at 0.25%. CNB board has also decided to continue using the exchange rate as an instrument for easing the monetary conditions and confirmed its commitment to intervene against Czech koruna’s exchange rate if necessary so that the exchange rate remains close to CZK 27/EUR.
Source: www.cinanews.cz
