Czech National Bank cuts interest rates

12. 5. 2020
Czech National Bank cuts interest rates

The Bank Board of the Czech National Bank lowered the repo interest rate by 75 basis points to 0.25 % and the Lombard rate by 0.25 basis points to 1 %. The new interest rate levels come into effect on May 11. 

The Nationalbank reacts on the negative development of the market with regards to the COVID-19 pandemic and follows the cutting of the key interest rates which the Bank Board adopted on May 26, when the key interest rate was sunk by 75 basis points to 1%. The last time the key interest rates were on this level, was from August to November 2017. 


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