MNI CNB WATCH: Hawkish 25Bps Cut Confirms Expectations

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May-07 14:59By: Luke Heighton
Czech National Bank+ 1

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The Czech National Bank delivered a 25-basis-point rate cut to leave the 2W repo rate at 3.5%, the discount rate at 2.5% and the Lombard rate at 4.5% on Wednesday, but continued to stress inflationary pressures, in line with expectations. The CNB's ...