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Czech Republic CNB Interest Rate Decision
This responsibility lies with the Czech National Bank, which is in charge of determining the country's benchmark interest rate. It is the two-week repo rate that acts as the official interest rate, and it is also the rate at which commercial banks are permitted to deposit surplus cash with the Central Bank at the end of the day, according to the rules of the Central Bank.
A higher than expected figure should be seen as positive (bullish) for the CZK while a lower than expected figure should be seen as negative (bearish) for the CZK.
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Czech Economy Enters Recession In Q4 With 0.3% Contraction
The Czech Republic's economic output contracted for the second straight quarter in the three months ended December, largely due to lower household consumption, thus entering a technical recession, preliminary estimates from the statistical office showed on Tuesday. Gross domestic product decreased 0.3 percent sequentially in the fourth quarter, following a 0.2 percent fall in the third quarter.
RTTNews | 893 days ago
