UniCredit Bank Czech Republic and Slovakia,a.s.
Wed, 02/11/2016
No changes in the interest rate on the Czech Koruna.
At its September policy meeting the Bank Board of CNB decided to keep interest rates unchanged at technical zero (0.05% p.a.) and to continue using the exchange rate as an additional instrument for easing the monetary conditions.
However, the CNB is prepared to intervene on the market to keep Czech koruna close to CZK 27 vs. EUR. This intervention is expected to be used through mid-2017.
Jitka Hulinská
Relationship Manager
GSS Czech Republic
Jitka.hulinska@unicreditgroup.cz