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Czech central bank holds rate steady

EU

The Czech National Bank left its key interest rate unchanged in September for a third consecutive policy session, as expected, Czech Radio reported.

The bankʼs board, led by Governor Jiří Rusnok, decided to keep interest on the two-week repo rate at 2%, the bank said in a statement issued on Wednesday.

The previous change in the key rate was a quarter-point hike in May. The discount rate was maintained at 1% and the Lombard rate at 3%. 

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