Czechs Keep Zero Rates as Policy Moves to Currency Sales
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Czech central bankers kept the main interest rate at effectively zero as the second recession since 2009 sparked debate on whether to weaken the koruna to further ease monetary conditions.
The Ceska Narodni Banka held the two-week repurchase rate at 0.05 percent, almost three-quarters of a percentage point less than the euro-area benchmark, at a board meeting today, in line with forecasts by all 16 analysts in a Bloomberg survey.