Czechs to Keep Key Rate at Record Low on Euro-Region Woes

The Czech central bank will probably keep its benchmark interest rate at a record low for a 14th month as the euro area’s debt crisis threatens the eastern European country’s economic recovery.

The Ceska Narodni Banka will leave the two-week repurchase rate at 0.75 percent, below the European Central Bank’s benchmark, according to 20 of 22 economists surveyed by Bloomberg News. Two predicted a quarter-point increase, which would be the first increase in borrowing costs in 2 ½ years.