Analysts expect stable ČNB rates

(ČIA) The Czech National Bank (ČNB) will probably leave interest rates at their current level on June 24, 2020. ING Bank chief economist for the Czech Republic Jakub Seidler further stated that even though the central bank lowered the rates above expectations at the previous two meetings, the latest signals from the members of the bank council, including governor Jiří Rusnok, hinted at rate stability, probably even beyond the June meeting of the ČNB. CZECH FUND chief economist Lukáš Kovanda believes that the ČNB will not change the rates, as it does not want to destabilise banks and takes into account the risk of the pandemic’s second wave.



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