FOREX TradingCharts.com

Financial News: Czech Central Bank Hikes Key Interest Rate Unexpectedly

Czech Central Bank Hikes Key Interest Rate Unexpectedly

02/06/2020 - 08:46:00 (RTTNews)

(RTTNews) - The Czech National Bank raised its key interest rate unexpectedly on Thursday, after holding it unchanged for five policy sessions in a row.

The Bank Board, led by CNB Governor Jiri Rusnok, decided to raise the two-week repo rate by 25 basis points to 2.25 percent, the central bank said in a statement on Wednesday.

Economists had widely expected the rate to be left unchanged.

The previous change in the key rate was a quarter-point hike in May last year. The discount rate was raised to 1.25 percent and the lombard rate to 3.25 percent.

Capital Economics economist Liam Peach said the latest rate hike is likely to a one-off. "With inflation likely to ease and growth to slow, we think the policy rate will be lowered by next year," the economist said. Rusnok is set to hold a press conference to explain the rationale behind the latest rate decision at 9.15 am ET. "The central bank will probably maintain its hawkish bias, although we suspect it won't flag another hike," Peach said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Sentiment Improves Slightly More Than Initially Estimated (22 min(s), 54 sec(s) ago)
(RTTNews) - Consumer sentiment in the U.S. improved by slightly more than initially estimated in t ...Full Story»

Chicago Business Barometer Indicates Modest Contraction In February (31 min(s), 54 sec(s) ago)
(RTTNews) - Chicago-area business activity saw only a slight contraction in the month of February, ...Full Story»

Belgium Economic Growth Steady At 0.4% (41 min(s), 54 sec(s) ago)
(RTTNews) - Belgium's economy expanded at a stable rate in the fourth quarter, figures from th ...Full Story»

U.S. Income Rises More Than Expected But Spending Growth Misses Estimates (01 hr(s), 27 min(s), 54 sec(s) ago)
(RTTNews) - While the Commerce Department released a report on Friday showing U.S. personal income ...Full Story»

U.S. Personal Income Climbs More Than Expected In January (01 hr(s), 59 min(s), 54 sec(s) ago)
(RTTNews) - While the Commerce Department released a report on Friday showing U.S. personal income ...Full Story»

German Inflation Steady At 1.7% In February (02 hr(s), 10 min(s), 54 sec(s) ago)
(RTTNews) - Germany's consumer price inflation was unchanged in February, while the EU measure ...Full Story»

Sweden's GDP Growth Halves In Q4 (03 hr(s), 0 min(s),54 sec(s) ago)
(RTTNews) - Sweden's economic growth halved in the fourth quarter on weak exports and investme ...Full Story»

Denmark's GDP Growth Rev Down (03 hr(s), 20 min(s), 54 sec(s) ago)
(RTTNews) - Denmark's economy grew less than initially estimated in the fourth quarter, revise ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Improves Slightly More Than Initially Estimated

02/28/2020 - 10:17 AM (RTTNews)
(RTTNews) - Consumer sentiment in the U.S. improved by slightly more than initially estimated in t ...Full Story>>

Chicago Business Barometer Indicates Modest Contraction In February

02/28/2020 - 10:08 AM (RTTNews)
(RTTNews) - Chicago-area business activity saw only a slight contraction in the month of February, ...Full Story>>

Belgium Economic Growth Steady At 0.4%

02/28/2020 - 09:58 AM (RTTNews)
(RTTNews) - Belgium's economy expanded at a stable rate in the fourth quarter, figures from th ...Full Story>>

U.S. Income Rises More Than Expected But Spending Growth Misses Estimates

02/28/2020 - 09:12 AM (RTTNews)
(RTTNews) - While the Commerce Department released a report on Friday showing U.S. personal income ...Full Story>>

U.S. Personal Income Climbs More Than Expected In January

02/28/2020 - 08:40 AM (RTTNews)
(RTTNews) - While the Commerce Department released a report on Friday showing U.S. personal income ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.