Rate reduction by 25 basis points: 2W repo rate 1.50%, discount rate 0.50%, Lombard rate 2.50%

The CNB Bank Board decided at its meeting today to lower the two-week repo rate by 25 basis points to 1.50 %. The discount rate was cut to 0.50 % and the Lombard rate was lowered to 2.50 %. The new interest rate levels come into effect on 11th May 2009.

The history of settings of main instruments of monetary policy and Bank Board minutes available at:

http://www.cnb.cz/en/monetary_policy/instruments/index.html#mpi

http://www.cnb.cz/en/monetary_policy/bank_board_minutes/index.html

Marek Petruš
CNB spokesman