Czech Republic increases repo rate to 1%, Lombard rate to 2%

By Wendy Van Sickle

Columbus, Ohio, June 27 – Czech National Bank’s board decided to increase the two-week repo rate by 25 basis points to 1%, according to a Wednesday notice.

The discount rate was kept unchanged at 0.05%, and the Lombard rate was increased by 50 bps to 2%.

The new rates take effect on Thursday.

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