The Czech central bank decided to lower all key interest rates by 25 bps on its today extraordinary board meeting. The repo rate was set to 4.5%, discount rate to 3,5% and Lombard rate to 5,5%.
Furthermore, the central bank confirmed its intervention on the FOREX market. Following the intervention koruna dropped to 32,65 CZK/EUR, while it was traded on the level 31.8 CZK/EUR today morning.
CNB is to hold press conference at 15:30 CET.