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CNB > Media service > Press releases of the CNB > 1998 > Cutting the 2W repo rate - 3. 12. 1998

Cutting the 2W repo rate

3. 12. 1998

At its meeting today the CNB Board assessed the current monetary and economic situation and decided to cut the CNB's two-week repo rate by 1 percentage point, ie from 11.5% to 10.5%, effective from 4 December 1998.

CNB - M. Švehla