Czech Central Bank Raises Main Rate by 25 Basis Points to 4.00%
The Czech National Bank raised its two-week repo rate to 4.00% for the second time this year, citing strong domestic demand and higher energy prices.
The Czech National Bank (CNB) raised its main interest rate for the second time this year on Thursday as it looks to contain price pressures coming from strong domestic demand and higher energy prices.The bank increased its two-week repo rate (CZCBIR=ECI) by 25 basis points, to 4.00%, in line with…