01 November 2012

CZECH REP: CBank Cuts Benchmark Rate By 20 Bps...To Historic Low.


     Prague's central bank lowered its 2-week repo rate by 20 bps...to 0.05...the lowest since its 1993 independence.
     Most analysts expected the move...as the export dependent Czech economy moves into recession.
     Some said the move will have little effect on growth.