Financial News: Czech Central Bank Holds Rates Steady After May

Czech Central Bank Holds Rates Steady After May Reduction

06/25/2025 - 09:04:00 (RTTNews)

(RTTNews) - The Czech central bank kept interest rates steady on Tuesday, as expected, following a reduction in May.

The Czech National Bank board, led by Governor Ales Michl, left the two-week repo rate unchanged at 3.5 percent. The bank also maintained other interest rates at their current levels.

Thus the discount rate was kept at 2.50 percent and the Lombard rate at 4.50 percent.

<a href=https://www.rttnews.com/3536631/czech-central-bank-cuts-key-interest-rate-by-25-bps-as-expected.aspx?refresh=1 target=_blank >In May, interest rates were cut by 25 basis points </a>in a 6-1 vote. The bank had retained the GDP growth forecast for this year at 2.0 percent and the inflation projection at 2.5 percent.

The CNB had assessed that the elevated inflation pressures from the domestic economy remains unchanged due to an upswing in year-on-year services inflation.

<a href=https://www.rttnews.com/3545503/czech-inflation-confirmed-at-2-4.aspx target=_blank >Headline consumer price inflation accelerated to 2.4 percent in May</a> from 1.8 percent rise in April, latest official data showed, on the back strong growth in food prices and utility costs.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Singapore Inflation Data Due On Wednesday (04 hr(s), 48 min(s), 10 sec(s) ago)
(RTTNews) - Singapore will on Wednesday release June figures for consumer prices, highlighting a l ...Full Story»

South Korea Consumer Confidence Index Improves In July - BoK (05 hr(s), 27 min(s), 10 sec(s) ago)
(RTTNews) - Consumer confidence in South Korea strengthened in July, the latest survey from the Ba ...Full Story»

Eurozone Loan Demand Rises In Q2: ECB Survey (14 hr(s), 0 min(s),10 sec(s) ago)
(RTTNews) - Eurozone banks reported an increase in demand for loans from firms and households, the ...Full Story»

UK Budget Deficit Exceeds Estimate In June (15 hr(s), 42 min(s), 10 sec(s) ago)
(RTTNews) - The UK budget deficit widened more than estimated in June on higher debt servicing cos ...Full Story»

RBA Board Says Another Rate Cut Inconsistent With Cautious Stance, Minutes Show (18 hr(s), 39 min(s), 10 sec(s) ago)
(RTTNews) - Reserve Bank of Australia's policymakers said cutting the interest rate for a thir ...Full Story»

South African Leading Index Falls In May (19 hr(s), 13 min(s), 10 sec(s) ago)
(RTTNews) - South Africa's composite leading index decreased for the second straight month in ...Full Story»

Malaysia Inflation Eases To 1.1% (19 hr(s), 25 min(s), 10 sec(s) ago)
(RTTNews) - Malaysia's consumer price inflation softened further in June to the lowest level i ...Full Story»

Finland Jobless Rate Falls To 9.9% (19 hr(s), 49 min(s), 10 sec(s) ago)
(RTTNews) - Finland's unemployment rate decreased in June to the lowest level in four months, ...Full Story»