Czech Central Bank Voted 6-1 to Hold Rates; One Voted for a Cut
By Peter Laca -
2011-11-03T13:46:43Z
The Czech central bank board voted 6- 1 to leave its benchmark rate unchanged today for a 12th meeting as it reduced growth forecasts for this year and next.
One board member voted to reduce the two-week repurchase rate, currently at a record low 0.75 percent, by a quarter of a point, central bank Governor Miroslav Singer said today at a press conference in Prague.
To contact the reporter on this story: Peter Laca in Prague at placa@bloomberg.net
To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net
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