Business & Finance
Czech central bank to depart lower rates
PRAGUE : The Czech central bank voted unanimously on Thursday to leave interest rates at an all-time low of 0.75 percent
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Central bank Governor Miroslav Singer, speaking after the decision, said he could imagine rates moving in either direction.
The bank's presentation after the decision said the main anti-inflationary risks were a lower outlook for interest rates abroad and the condition of the financial sector and public finances in developed countries.
The weaker-than-forecast Czech crown currency poised a pro-inflationary risk, it said.
Copyright Reuters, 2011