The Czech central bank said Thursday it had raised interest rates by 25 basis points, bringing the key market rate to 2.5 percent
Published:
27 August 2004 y., Friday
The Czech central bank said Thursday it had raised interest rates by 25 basis points, bringing the key market rate to 2.5 percent.
The move comes hard on the heels of the Polish central bank's decision Wednesday to raise interest rates by 50 basis points, bringing that country's key rates to 6.5 percent.
Both countries are concerned about rising inflationary pressures.
Czech inflation in July stood at a year-on-year rate of 3.2 percent, slightly above the country's target of 3 percent.
Interest rates have now been raised in the Czech Republic by 50 basis points in recent weeks from a record low of 2 percent.
The interest rate move puts Czech interest rates half a percentage point above the European Central Bank's key interest rate of 2 percent.
Šaltinis:
washtimes.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Commission sets out first finance proposals for Copenhagen pact on climate change.
more »
The World Bank today approved a US$39.5 million loan for the Rio de Janeiro Sustainable Rural Development Project in southeastern Brazil.
more »
The World Bank Board of Executive Directors approved today an additional US$7.8 million for the Colombia Peace and Development Project.
more »
In 2008, the total number of non-cash payments, using all types of instruments, increased by 5% to 78 billion in the EU.
more »
Current economic indicators seem to show a cautious recovery in some of the biggest European economies, such as Germany and France.
more »
Launch Early Operation Phase (LEOP) has been successfully completed and the Palapa-D communications satellite is now in the nominal geostationary orbit (GEO).
more »
The Supervisory Council of AB DnB NORD Bankas on 8 September 2009 elected Šarūnas Nedzinskas as a member of the bank‘s Management Board.
more »
In the last few months farmers across Europe have taken their tractors to the streets to protest at what is being termed the biggest milk crisis for decades.
more »
Mobile telecoms companies have pledged to support the EU’s campaign to equip new cars with a device that would automatically call for help in the event of an accident.
more »
Nordic and Baltic countries aim to strengthen cooperation of business and industry stakeholders.
more »