CNB keeps interest rates unchanged

The CNB Bank Board decided at its meeting today to keep interest rates unchanged. The two-week repo rate was maintained at 0.05%, the discount rate at 0.05% and the Lombard rate at 0.25%.

A regular press conference will take place at 2.30 p.m. in the Small Congress Hall (entrance to the CNB building from the Senovážné Square 30, former Commodity Exchange). CNB Governor Miroslav Singer will attend the press conference. 

The history of the settings of the main instruments of monetary policy and the Bank Board minutes are available at 
http://www.cnb.cz/en/monetary_policy/instruments/index.html#mpi 
http://www.cnb.cz/en/monetary_policy/bank_board_minutes/index.html 
 
Repo rate: The CNB’s key monetary policy rate, paid on commercial banks’ excess liquidity as withdrawn by the CNB in two-week repo tenders.

Discount rate: A monetary policy rate which as a rule represents the floor for short-term money market interest rates. The CNB applies it to the excess liquidity which banks deposit with the CNB overnight under the deposit facility.

Lombard rate: A monetary policy interest rate which provides a ceiling for short-term interest rates on the money market. The CNB applies it to the liquidity which it provides to banks overnight under the lending facility.

Source: CNB